JRL NEWSWATCH: “Russia’s GDP shrinks by 20% in April, but government maintains a triple surplus” – bne Intellinews

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“… Russia’s nominal GDP shrank … 28%, of which two-thirds was due to the nation-wide lockdown … another third … due to … oil prices, the Ministry of Finance said …. The real contraction of the economy in April could be 20%, according to the Ministry …. [T]he government has reported … surplus[es] [for] the trade balance, currency account and federal government … 3.8bn, $1.8bn and 0.2% of GDP respectively. … partly due to a concurrent collapse in imports ….”

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