Russian industrial production shrinks most since 1998
Russian industrial production shrank the most since the economic collapse of 1998 in November as the global slowdown reduced demand for steel, pipes and fertilizers, pushing the nation to the brink of recession.
Industrial production in Kazakhstan shrank by 2.7% y/y in H1/09, against a growth of 3.8% recorded in the same period of previous year, the State Stat Agency informed.