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Published 2 years ago

Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony' – Economics Bitcoin News

Summary by Ground News
The Ministry of Economic Development of the Russian Federation detailed this week that Russia's economic hardships are less severe than expected. Russia's gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia's inflation won't be as elevated as economists once predicted. At the same time, inflation in the U.K. topped 10% and the European Union's inflation rate is expected to be just as high.

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