Which country experienced a serious depression in the 1990s?

Name: Which country experienced a serious depression in the 1990s?
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Russia experienced a serious depression in the 1990s, known as the "Russian financial crisis." It was caused by a combination of factors including economic reforms, government instability, and external pressures such as a fall in oil prices and the Asian financial crisis. The crisis led to high inflation, a sharp devaluation of the ruble, and a significant decline in GDP.

Which Country Experienced a Serious Depression in the 1990s