9,724.50 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.17 USD USD USD
36.61 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
353.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

Russia's economy has entered a recession

The Russian economy has entered a recession in the third quarter of this year, shrinking by 4% compared to the same period last year.

Russia's economy has entered a recession

Federal State Statistics Service of Russia (Rosstat) announced the gross domestic product data for the third quarter of this year.

Accordingly, the Russian economy, which shrank by 4.1% in the second quarter of this year compared to the same period of the previous year, shrank by 4% in the third quarter. Thus, the Russian economy contracted for two consecutive quarters and entered a recession.

The Ministry of Economic Development of the Russian Federation estimates that the country's economy will shrink by 2.9% this year, while the Central Bank of the Russian Federation expects the economy to shrink between 3 and 3.5%.

Western countries impose extensive sanctions on Russia, especially in the energy and financial sector, due to the war in Ukraine.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

‘IMF: Gulf countries continue to grow on reforms and steel production’

Monday, December 23, 2024

European car sales decreased by 2% in november

Sunday, December 22, 2024

Cooperation between Saudi Arabia and Egypt in industry and mining

Tuesday, December 17, 2024

Direct investments in Türkiye reached 8.5 billion dollars in the first 10 months.

Friday, December 13, 2024

Business world meetings from Aegean Exporters' Associations: First stop: Balıkesir

Friday, December 13, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now