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Russia falls into recession: statistics agency
Output fell by four percent in the third quarter
16 November, 20:09 (ANSA-AFP) - MOSCOW, NOV 16 - Russia's economy has entered a
recession as gross domestic output fell by four percent in the
third quarter, according to first estimates published Wednesday
by the national statistics agency, Rosstat. The drop follows a
similar four percent contraction in the second quarter, as
Western sanctions pummel Russia's economy following Moscow's
offensive in Ukraine. (ANSA-AFP).
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