Russian economy falls into recession with 4 pct contraction
The Russian economy has entered a recession as gross domestic output fell by four percent in the third quarter, according to preliminary data released by the federal statistics service Rosstat.
Google News'te Doğruhaber'e abone olun. 
The fall in GDP follows a four percent contraction in the second quarter, as restrictions from the US and Europe on energy and financial sectors pummel Russia's economy following Moscow's invasion of Ukraine.
The four percent decrease in GDP between in the third quarter was less than the 4.5 percent contraction analysts had expected.
The contraction was driven by a 22.6 percent slump in wholesale trade and a 9.1 percent fall in retail trade.
In November, the Russian central bank forecasted gross domestic product would contract by 3.5 percent this year.
The International Monetary Fund and the World Bank are respectively estimating a decrease in Russian GDP of 3.4 percent and 4.5 percent. (ILKHA)
Bu haberler de ilginizi çekebilir
-
After facing significant defeats on the battlefield, the Israeli war cabinet announced on Tuesday its decision to agree to a ceasefire with Lebanon.
-
The death toll from the collapse of a four-story building in Kariakoo, Dar es Salaam’s bustling commercial district, has risen to 29, following the discovery of nine more bodies, a senior official announced Tuesday.
