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Published

Russia enters recession, GDP shrinks 4% in third quarter

Summary by Ground News
Nine months after beginning its offensive in Ukraine, Russia has entered a recession as a result of the economic pressure caused by Western sanctions, according to official figures released on Wednesday. In the third quarter, GDP decreased by four per cent, according to a preliminary estimate by the national statistics office Rosstat. 
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Bias Distribution

  • 38% of the sources lean Left, 38% of the sources lean Right
42% Right
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EuropeEurope
BusinessBusiness
RecessionRecession
EconomyEconomy
SanctionsSanctions
PoliticsPolitics
Moscow, RussiaMoscow, Russia
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