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Russian recession finds no bottom as skid picks up pace

Wed, Aug 12, 2015 - 5:50 AM

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...

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