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
