Russia’s Covid-19 pandemic recession is already over after two successive quarters of growth in GDP & investment, economists say ...News

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Russia’s Covid-19 pandemic recession is already over after two successive quarters of growth in GDP & investment, economists say
With most of the world still hurting as countries remain under Covid-19 lockdown, experts from Russia’s Higher School of Economics have revealed that the economic downturn in the country is already over – after just two quarters. According to the latest edition of the education institute’s ‘Comments on the State of Business’ publication, both Russia’s GDP and investments grew in the last six months of 2020, meaning the short recession endured for only the first half of the year. The experts say that investment is the best measurement of a financial crisis, noting it declined by just 1.4% last year. In fact, in nominal terms, more money

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