Russian economy showed the first official sign of recovery

Russian economy showed the first official sign of recovery in the third quarter, says Bloomberg. According to the Federal Statistical Office for the period July – September the country’s GDP has shrunk by 8.9% yoy. The figure is 2 percentage points lower than the reported 10.9% decline for the second quarter.

Since August represented at different levels of power in Moscow say that GDP will decline slowed in the third quarter.

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Finance

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