Minister warns Russia faces recession

Author (Person)
Series Title
Series Details 13.12.08
Publication Date 13/12/2008
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Russia is facing a recession that could last more than two quarters, Russia’s deputy economy minister Andrei Klepach said on the 12 December 2008, marking the the first time a senior official has acknowledged the economy is contracting.

Related Links
BBC News, 12.12.08: Russia confirms recession to come http://news.bbc.co.uk/2/hi/business/7779132.stm
Russia Today, 12.12.08: Focus turns to the Rouble as devaluation pressures continue http://www.russiatoday.com/business/news/34681

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