Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News

Gross domestic product (GDP) in the Russian economy declined by 7.9 percent in 2009 according to MarketWatch.

The key driver of the drop in the Russian economy was a sharp fall in oil prices as the BRIC nation relies heavily on commodities to grow.

The decline was better than economist expected at 8.5 percent but the Russian economy grew by 5.6 percent in 2008 and all of its BRIC peers grew in 2009.

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