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Russia Economy Contracted by a Quarter in April, Early Data Show

Russia Economy Contracted by a Quarter in April, Early Data Show

4:14 PM IST, 19 May 20204:14 PM IST, 19 May 2020Save(Bloomberg) -- Russia’s overall output shrunk by a quarter last month as the pandemic lockdown limited economic activity and slashed incomes, according to Bloomberg Economics estimates based on Finance Ministry data.(Bloomberg) -- Russia’s overall output shrunk by a quarter last month as the pandemic lockdown limited economic activity and slashed incomes, according to Bloomberg Economics estimates based on Finance Ministry data.“With lockdown effects lingering through May, the decline in GDP in the second quarter is likely to be deeper...

May 19, 2020
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