The Russian GDP was in July down 9,3 percent year-on-year. However, the economy grew 0,5 percent in July compared with the previous month. That gives reason to believe that the fall in the Russian economy has ended and that it now will see a phase of revival, Minister Klepach said, Newsru.com reports. At the same time however, the minister admitted that the growth is not a sustainable one and that the crisis will be overcome only when the industrial production reaches pre-crisis levels.
