EXTERNAL EXPANSION LIMITED

EXTERNAL EXPANSION LIMITED
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Wednesday 31 December 2014

#Russianeconomy suffers first contraction since #globalcrisis

Rouble falls again as official report shows economy declined by 0.5% in November

An employee counts Russian rouble banknotes at a small private shop selling home appliances in Krasnoyarsk. Photograph: Ilya Naymushin/Reuters
An employee counts Russian rouble banknotes at a small private shop selling home appliances in Krasnoyarsk. Photograph: Ilya Naymushin/Reuters

Russia’s economy shrank sharply in November and the rouble resumed its slide as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis... (Read more)

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