Russia’s economy contracted 4.6 percent in the second quarter, year-on-year, after a 2.2 percent contraction in the first quarter, but in June the pace of contraction slowed. Russia’s second quarter balance of payment remained stable despite a weaker trade balance as the current account improved and capital outflows moderated. Receding oil prices and a further cut in the key policy rates in July brought the ruble exchange rate down to its lowest level...
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INFORMATION
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2015/08/14
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Document de travail
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99273
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1
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1
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2015/09/02
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Disclosed
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Russia Monthly Economic Developments
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Haver Analytics