Russia’s GDP down less than expected
Published: 2 hours ago
Russia’s economy fell 4 percent in the second quarter of the year, which means that the economy is at the same level as in 2018, according to the statistics agency Rosstat.
It is a smaller decline than expected, but the Russian central bank believes that the case will worsen in the coming quarters.
Stimulus measures have made the international sanctions less hard on the economy, but the central bank believes that the Russian economy will not reach growth until 2024-2025.
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