June industrial output down 12.1% on year.. NEW YORK (MarketWatch) -- Russia's June industrial production declined by 12.1% year-on-year after its record-high 17.1% drop in May, according to media reports on Wednesday. On a month-to-month basis, non-seasonally adjusted industrial output rose 4.5%, reports said, citing official data. "The number was better than expected and suggests that the industrial sector is beginning to stabilize," said Lars Rasmussen, senior analyst at Danske Bank. "However, the recovery is expected to materialize only gradually http://www.marketwatch.com/story/russias-june-industrial-output-down-121-on-year
....increase in vodka consumption and production as a result of the spreading pessimism that must be drowned.
Hehe, all jokes aside, Russia does have a stimulus package at work, which is a lot better at its core design than USA's. Of course, it is also easy to fleece and will be corrupted to all hell. In fact, my best friend's dad recently went to Russia just to skim it. Although, come to think of it, USA's stimulus package is even more corrupt. And much harder to get access to if you're not part of the exclusive club.