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GDP in Russian Economy Down 8.1 Percent

November 24th, 2009 · No Comments · Russia Economy

Gross domestic product in the Russian economy was down by 8.1 percent in October according to the Russian Economy Ministry and Reuters.

Despite the poor Russian economic news, 8.1 percent is the smallest contraction in the Russian economy in the last eight months.

Key drivers to the improvement point to an increase in real wages and better retail sales.

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