Russians Retrench as Crisis Evokes Memories of 1998 'NightmareQuicklink submitted by Margaret Bassett Permalink
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|The government expects the economy to shrink 2.2 percent this year after expanding about 7 percent a year since 1999.
Already, household incomes have sunk with the 35 percent plunge in the ruble against the dollar since Aug. 1 and inflation surged to 13.4 percent in January because of the cost of imported goods.
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