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Russia’s Economy could Slip into Recession by Year-End, Central Bank Warns
Russia’s economy could slip into recession by the end of the year after three consecutive quarters of slowing growth, the Central Bank has warned. According to the Economic Development Ministry, GDP grew by 0.6% year-on-year in July-September, following growth of 1.1% in the second quarter, 1.4% in the first and 4.5% in the final quarter of 2024. [...]