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23

Putin Looks for Answers as Investment Flop Shows Flawed Recovery

By Tony Seruga

For an economy safely out of recession, the tidings on investment in Russia are increasingly grim.

As a broader recovery gathers pace, capital spending by companies is off to a poor start in 2017 after contracting in the past three years. A close proxy for investment — the value of construction works completed — shrank for a fourth month in March in the biggest decline this year, according to data published last week…

Putin Looks for Answers as Investment Flop Shows Flawed Recovery

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