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Russian economy decline slows, but recovery elusive

Wed, Jul 29, 2015 - 5:50 AM

The weaker rouble helps export-oriented commodity sectors, but may impede growth of import-reliant high-tech sectors.

PHOTO: BLOOMBERG

Moscow

THE sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures.

Recovery prospects are cloudy, however, with many analysts warning of a...

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