Russia's GDP falls for the first time in five years

Russia's GDP falls for the first time in five years

In Russia a decrease of GDP was registered for the first time since 2009: its level in November 2014 decreased by 0.5% in annual terms. This was reported in the monitoring of the Economic Development Ministry.


"According to the Ministry of Economic Development of Russia, in November the dynamics of GDP in the corresponding period of last year for the first time since October 2009 moved into negative territory, down 0.5%," Interfax quoted text monitoring.

 

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