Russia’s economy contracted by 4.6 percent in the second quarter compared with a year earlier, the statistics office said on Monday citing preliminary data.
he decline deepened from 2.2 percent in the previous quarter amid lower oil prices and Western sanctions related to the Ukraine conflict.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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