Russia's GDP Down 2.4% Year-on-Year In January - Economic Development Ministry

Russia's GDP Down 2.4% Year-on-Year in January - Economic Development Ministry

MOSCOW (UrduPoint News / Sputnik - 19th February, 2021) Russia's economy shrunk by 2.4 percent year-on-year in January 2021, according to the Economic Development Ministry's estimate.

"In January 2021, GDP contracted by 2.4 percent year-on-year," the ministry said in its report.

In the beginning of the year, the GDP is supported by the recovery in consumer activity, it said.

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