Economics

Russian Economy Probably Grew at Weakest Pace Since 2009

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Russia’s economy probably grew at the weakest pace since 2009 in the first quarter as investment at companies including OAO Gazprom cooled and the euro area’s longest recession hurt demand for commodity exports.

Gross domestic product rose 1.2 percent from a year earlier, slowing from 2.1 percent in the previous three months, the fifth quarterly deceleration, according to the median estimate of 23 economists in a Bloomberg survey. The data are due from the Federal Statistics Service today or May 20.