Scenarios for the Reorganization of the Economic Structure of Russia
Nataliya Volkova and
Problems of Economic Transition, 1994, vol. 37, issue 1, 6-24
The crisis in the Russian Federation's economy continues to worsen. While the decline of the GNP in 1990 was 2 percent compared with the preceding year, in 1991 it was 9 percent, and in 1992, 19 percent. The magnitude of the decline remained unchanged in the first half of 1993. Production in industry last year declined for 87 percent of basic types of products, which attests not only to the structural but to the universal nature of the decline.
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