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595

Recession To Come To Russia in 2009

RBC reported yesterday quoting its own source in Russian government that the Russian Economy Ministry made a forecast predicting Russian GDP level at 0.2 percent in 2009

Recession To Come To Russia in 2009

The ministry amended its forecast for the country's key macroeconomic indicators and based it on a Urals oil price of $41 per barrel.

The forecast predicts that Russia's inflation will reach some 13 percent in 2009, RBC reports.

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