NEWSWATCH: “Russian economy suddenly shrinks in November” – Reuters

“Russia’s economy unexpectedly contracted in November, hit by a drop in industrial production, the economy ministry said …. Gross domestic product shrank 0.3 percent year on year in November, the economy ministry said, contrasting with analysts’ consensus call for a 1.5 percent growth. Russia’s oil-dependent economy was on the mend in 2017 after two years of recession, triggered by a sharp drop in global commodity prices as well as sanctions imposed by Western countries against Moscow for its role in the Ukrainian crisis. … “

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