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Russian recession finds no bottom as skid picks up pace

Published Tue, Aug 11, 2015 · 09:50 PM

Moscow

RUSSIA, which Moody's Analytics estimates entered a recession in the first quarter, may be in for a rough ride.

Gross domestic product (GDP) shrank 4.6 per cent from a year earlier in the second quarter, the most since 2009, after a 2.2 per cent slump in the previous three months, the Federal Statistics Service said on Monday, citing preliminary data.

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International

International

Russian recession finds no bottom as skid picks up pace

International

Putin plans to meet Xi in China days after his new term starts

Biden vetoes bid to repeal US labour board rule on contract, franchise workers

Economic leaders of South Korea, Japan, China say FX volatility is a risk

US automakers win extension on use of Chinese graphite in EV tax credits

US service sector contracts in April; price pressures up

Thaksin’s daughter calls central bank independence an ‘obstacle’

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