Economic

Russia’s economy falls in first quarter as woes mount

“The Russian economy has contracted in the first three months of 2015 because of low oil prices, weaker spending and sanctions from the West.
It shrank by 1.9% between January and March compared to the previous year, according to the Russian statistics agency.
That compares to annual growth of 0.4% in the previous quarter.

Source: Russia’s economy falls in first quarter as woes mount – BBC News

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