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Russia economy in first contraction since 2009

Manufacturing, investment shrink amid rouble's worst rout in a decade; GDP falls 0.5% in November from a year earlier

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Overall, the rouble's weakness will inevitably lead to higher inflation next year by pushing up the cost of imports.

Moscow

RUSSIA's economy had its first decline since October 2009 last month as manufacturing and investment shrank amid the rouble's worst rout in a decade.

Gross domestic product shrank 0.5 per cent in November from a year earlier after a 0.5 per cent increase in October, the...

sentifi.com

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