Russian economic slump deepens

A preliminary government release states Russia’s economy shrunk by 4.6 percent in the second quarter of 2015, as compared to the same period in 2014, RFE/RL reports. If it holds, the 4.6 percent decline, will mark Russia’s sharpest GDP drop in six years. Additionally, the ruble has lost about 20 percent of its value since May. Earlier in the year, the ruble recovered slightly, after losing about half its value in 2014.


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