Medvedev: Russian economy still in negative zone

The decline in Russia’s key economic indicators has slowed down due to implementation of the government’s supportive measures, though they are still in the negative zone, the Russian Prime Minister Dmitry Medvedev said.

"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," he said, adding that that "the total macroeconomic and budget stability persists, price growth has slowed down significantly to less than 4% since the start of this year, which is almost twice as low as in the first half of 2015."

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