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27th Sep 2023

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Russia says GDP forecasts better than expected

Inflation will be lower than predicted three months ago, and economic contraction also less than expected, according to the Russian economy ministry on Tuesday, Al Jazeera reported. Russia's February invasion of Ukraine triggered unprecedented Western sanctions, plunging the energy-dependent economy into turmoil. But GDP is now forecast to shrink 4.2 percent in 2022, compared with a 7.8 percent prediction in May, and inflation hit 13.4 percent, rather than 17.5 percent.

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Column

Will Poles vote for the end of democracy?

International media must make clear that these are not fair, democratic elections. The flawed race should be the story at least as much as the race itself.

IEA says: Go green now, save €11 trillion later

The International Energy Agency finds that the clean energy investment needed to stay below 1.5 degrees Celsius warming saves $12 trillion [€11.3 trillion] in fuel expenditure — and creates double the amount of jobs lost in fossil fuel-related industries.

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