: :inin Kyiv (EET)

Oil price plunge drags down Russian economy


LONDON (APP/AFP): Russia’s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday. The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent contraction for the economy of the key … …read more

Source: All Pakistani News

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