Russian GDP slumps 23% in 1Q 2009

The first quarter of 2009 saw Russian GDP shrink 9.5% year on year and 23% quarter on quarter, according to the Federal State Statistics Service.

That's the biggest three month slump since 1995 with Russia in its first recession in a decade. Elina Ribakova, Chief Economist for Citibank Russia spoke with RT about the economic outlook.