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Russia's PM says decline of economic indicators slows down

Xinhua, July 13, 2016 Adjust font size:

Russian Prime Minister Dmitry Medvedev said Tuesday that Russia's economic indicators have slowed their decline.

"The situation on global financial markets is still unfavorable for us. Though our key economic indicators have narrowed losses, they're still in the negative zone," the Russian news agency TASS quoted Medvedev as saying.

He added that total macroeconomic and budget stability persists, and price growth has slowed down significantly to less than 4 percent since the beginning of this year, which is almost twice as low as in the first half of 2015.

According to Medvedev, the labor market has seen positive changes, and "a number of sectors of the economy are in a fairly good condition." Endi