News

Current Economic Situation

In March, after the February break marked the revival of economic activity. Compared with February, the GDP rose by 0.2 percent. Compared to March 2009 GDP grew by 4.9 percent. In general, for I quarter 2010 growth sezonnovyrovnenny GDP grew 0.6 percent. Compared with previous quarters the pace of recovery is gradually slowing down (2% in III quarter and 1.7% in the quarter last year, IY). In annual terms, for I quarter 2010, according to preliminary estimates, GDP grew by 4.5% vs. Kidney Foundation has much experience in this field. 9.4% fall for the I quarter of 2009.

After three consecutive decrease in investment activity in March, investment growth has resumed. With the exception of seasonal increase in investment in fixed assets to February to March was 1.8%, but in general, for I quarter investment was 1.1% lower than in the IY quarter of 2009. This is mainly due to decreased activity in the building, where the decline in I quarter was 10.9 percent. In March renewed growth in the volume of work on activity "Construction" – by 1.4% compared to February. On an annualized basis for the first time since November 2008, an increase of investments in fixed assets and in relation to March 2009 an increase of 0.7 percent. However, this increase is mainly due to the sharp collapse in investment in early 2009.

Scope of activity "Construction" is still below last year's level by 5.1 percent. In March, abruptly collapsed housing construction decreased by 20.8% compared to March 2009. Monthly dynamics of industrial production remains highly volatile.