Russian Economy Unexpectedly Expanded 0.4% in Fourth Quarter
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Russia’s economy unexpectedly grew in the fourth quarter before the full effect of the country’s currency crisis took hold.
Gross domestic product expanded 0.4 percent from a year earlier after a revised 0.9 percent gain in the previous three months, the Federal Statistics Service in Moscow said on Wednesday, citing a preliminary estimate. That was above the median estimate for zero growth by 11 economists in a Bloomberg survey. Full-year GDP rose 0.6 percent in 2014, the service said, confirming its first assessment in January.