Russia risks recession amid crisis after economy shrinks in Q1 | Bangkok Post: news

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Russia risks recession amid crisis after economy shrinks in Q1

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Russia's economy shrank by 0.5 percent in the first three months of 2014 from the previous quarter, a minister said on Wednesday, fuelling concerns the Ukraine crisis could tip it into recession. 

Construction cranes work at a building site in Moscow on August 30, 2007

Economy Minister Alexei Ulyukayev said that Russia's economy grew just 0.8 percent in the first quarter of 2014, compared to activity in the same period last year.

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