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7 articles

Bank of Finland Bulletin 1/2015

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Russian economy and imports to contract substantially in 2015

The Russian economy has begun to contract due to the fall in the price of oil. GDP will contract by over 4% in 2015. The uncertainty will cause a decline in investment, and consumption will be cut particularly by rapid inflation. Imports will be reduced by the contracting economy, a weak rouble and declining export income.

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