UPDATE: Cbank: Russia’s GDP falls around 2% on year in Jan–Mar

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MOSCOW, May 5 (PRIME) -- Russia’s gross domestic product (GDP) fell around 2% on the year in January–March, the central bank said Thursday.

In April–June, Russia’s GDP is projected to contract 1.0–1.5% on the year.

Seasonally adjusted GDP decreased 0.3% in January–March and could fall 0.2% in April–June, the central bank said.

Seasonally adjusted industrial output grew 0.4% in March after zero growth in February, the regulator also said.

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