Russia Shrinks 4.6% in Q2

Russia’s economy contracted by 4.6 percent in the second quarter compared with a year earlier, the statistics office said on Monday citing preliminary data.

he decline deepened from 2.2 percent in the previous quarter amid lower oil prices and Western sanctions related to the Ukraine conflict.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza