russian first quarter economic contraction less than feared at 19
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Russian first quarter economic contraction less than feared at 1.9%

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Arab Today, arab today Russian first quarter economic contraction less than feared at 1.9%

Russian Prime Minister Dmitry Medvedev
Moscow - Arab Today

Russia's economy shrank 1.9 percent in the first quarter under pressure from low oil prices and Western sanctions, the state statistics agency said Friday, a smaller contraction than earlier expected.

Russian Prime Minister Dmitry Medvedev last month estimated that the economy had shrunk by two percent in the first quarter while Economy Minister Alexei Ulyukayev said the contraction could reach 2.2 percent over the same period.

 

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russian first quarter economic contraction less than feared at 19 russian first quarter economic contraction less than feared at 19

 



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