Tuesday, July 26, 2016
  • Dire Russian economy causes consulting market to shrink 13.7 per cent in 2015
  • Low oil prices, collapsing currency, and a contraction in GDP contributed to the fall off

 

Following a very poor 2014, the Russian consulting market once again recorded a double digit contraction - falling 13.7 per cent to €450m in 2015. Although it is hoped that the consulting market is approaching the bottom of this downward cycle, it has now shrunk by €146m in just two years.