Russia Falls Deep into Recession

The Russian economy shrank 2 percent on quarter in the three months to June of 2015, the worst performance since the 2009 crisis.
Yekaterina | yekaterina@tradingeconomics.com 9/8/2015 3:03:56 PM
The GDP shrank 2 percent, the fourth straight quarter of contraction, following an upwardly revised 1.57 percent drop in the first three months of the year, revised data from the statistical office showed.

The wholesale and retail trade contracted 0.4 percent, manufacturing went down 3.7 percent and real estate activities fell 1.4 percent. In addition, transport and communications fell 0.9 percent, the mining sector contracted 2.4 percent and financial activities dropped 2.1 percent.

Only agriculture (up 0.4 percent), utilities production (up 1.4 percent) and public administration and defense (up 0.4 percent) showed positive growth rates.

Year-on-year, the economy shrank 4.6 percent 

Russia Falls Deep into Recession