Central bank dept says active recovery of Russian economy ends

MOSCOW, Sep 10 (PRIME) -- The phase of active recovery of the Russian economy has ended and the growth rates will slow down, according to a statement by the research department of the central bank, released late on Wednesday.

"An active recovery phase of the Russian economy has ended, the rates of further recovery will slow down. Full recovery will take much time, in particular, in the service industry that suffered most from the restrictions, and in the export and investment industries," the analysts said.

Some industries will still see lower demand due to the changes in consumer behavior and business practices.

End %%mk/jst%%