From the Wall Street Journal:
Click here for the full story.Russian industrial output plunged in November, exceeding even the most pessimistic expectations and affirming that the country's economic fundamentals are too fragile to fend off fears of a recession. Industrial production, hit by liquidity shortages and falling export demand, slumped an unadjusted 8.7% from November 2007, data released Tuesday by the Federal Statistics Service, or Rosstat, showed.
It appears that no one, including the largest and most prosperous emerging markets, are immune from the effects of this recession.
