Russian economy renewal?

The Russian economy may expand by 8.3 percent annually, due to domestic demand and aluminum prices in the second quarter – said the Moscow-based Renaissance Capital.

In its earlier forecast the investment bank projected a 7.9 percent expansion. The economy in the first quarter showed an expected increase of 7.5 percent.
The economy last year shrank by a record extend with 7.9 percent, which was the worst, since the financial crisis of 1998. However, the shrinkage was lower than expected, because of the oil price increase at the end of the year – reports profitline.hu.