Crisis: Economic or Institutional? (Gold medal)

Author: Minakir, Pavel A.
Almanac: Kondratieff waves:The Spectrum of Opinions

Pessimistic estimates and forecasts of economic growth in Russia, characteristic for 2015–2016, have been replaced since the end of 2016 by the growing optimism of both official agencies and individuals and experts. It would seem that there is indeed a reason for optimism. After seven quarters of a continuous fall in the country's GDP in the 4th quarter of 2016 there came a turning point. Rosstat reported a GDP growth of 0.3 % compared to the fourth quarter of 2015. Is this really a fracture?