Russia just saw its smallest economic contraction since 2014
Russia just saw its smallest contraction since 2014.
The Federal Statistics Service said that preliminary data indicated that GDP shrank by 0.6% in the second quarter compared to a year earlier, according to Investing.com.
This was better than economists' expectations of a 0.8% drop, according to Bloomberg, and an improvement from the previous quarter's 1.2% contraction.
"...indeed, it was the least bad year-on-year GDP growth figure since 2014," observed Capital Economics Senior Emerging Market
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