With oil production on pace to increase through the year, economists at OPEC said Russia’s economy is already on a clear road to modest recovery. In its monthly market report for September, economists at the Organization of Petroleum Exporting Countries said the Russian economy remains in recession through the year, though recovery is expected in 2017. “It has been confirmed that GDP declined by 0.6 percent year-on-year in the second quarter, after seeing a 1.2 percent drop in the first quarter,” the report read. “This represents the smallest contraction in the economy since it fell into recession in first quarter 2015.” In July, the International Monetary Fund said the Russian economy would stay in recession for the rest of the year because of dual strains of low oil […]