: :inin Kyiv (EET)

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

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