Russian GDP Growth at 1.6% as Economy Weakest Since 2009

http://www.bloomberg.com/news/2013-05-17/russian-gdp-growth-at-1-6-as-economy-weakest-since-2009.html

Gross domestic product rose 1.6 percent from a year earlier, slowing for a fifth consecutive quarter, the Federal Statistics Service in Moscow said today in an e-mailed statement. That compares with a median estimate of 1.2 percent in a Bloomberg survey of 23 economists and a 2.1 percent pace in the final three months of 2012. The Economy Ministry estimated first-quarter growth at 1.1 percent.