Russian economy heading for recession
Russia’s economy may enter its first recession since 2009 in the first quarter, Deputy Economy Minister Alexei Vedev said, as the Ukraine conflict and lower oil prices exact a toll on the world’s biggest energy exporter. |||
Olga Tanas MoscowRUSSIA’S economy may enter its first recession since 2009 in the first quarter, Deputy Economy Minister Alexei Vedev said, as the Ukraine conflict and lower oil prices exact a toll on the world’s biggest energy exporter.Gross domestic product (GDP) might shrink 0.8 percent next year, compared with an earlier estimate of 1.2 percent growth, Vedev said …read more
Source: Independent Online
