MOSCOW (AFP) – Russias economy minister on Monday said the country has edged out of recession but the crisis-hit economy remains mired deep in trouble. According to formal indicators the recession in the Russian economy has finished, minister Alexei Ulyukaev was quoted as saying by RIA Novosti news agency.A recession is usually defined as at least two consecutive quarters of negative growth.An end to Russias recession would imply an increase in GDP in the third quarter over the second, but Ulyukaev offered no quarter-on-quarter figures. Ulyukaev, however, repeated that the overall drop in the economy in 2015 could be as …read more
Source: Dunya TV
