Economics ministry cuts its GDP growth forecast of 1.2% in 2015 to a 0.8% fall amid financial fallout over Ukraine and falling commodity pricesRussia will fall into recession next year under the weight of western sanctions imposed over Ukraine and lower oil prices, the economy ministry warned.Gross domestic product is now expected to shrink by 0.8% in 2015, after the ministry sharply cut its earlier forecast of 1.2% growth. … …read more
Source: The Guardian
