December 29, 2014
AND THE UNICORN RIDES THE BEAR:
Russian recession fears as economy shrinks for first time in five years (Jill Treanor, 29 December 2014, The Guardian)
The Russian economy has contracted for the first time in five years after falling oil prices and sanctions imposed by western governments began to take their toll.The prospects for the country's economy are expected to remain weak after President Vadlimir Putin's government revealed that GDP in November was 0.5% lower than in the same month a year ago.
Posted by Orrin Judd at December 29, 2014 3:25 PM
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