Abstract
Q1 2016 as H2 2015 demonstrated that the crisis in the regions has turned into a slow rolling phase. Everybody is gradually adapting to the new reality: industry, labor markets, and the population, which is cutting consumption in line with falling income. Regional picture has become even more eroded: the recovery growth with its drivers is nowhere in sight and the regions affected by the crisis to a greater degree have already passed the slump stage and are gradually adapting to inferior quality of life.
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