Despite forecasts of a steeper drop, GDP saw a year-on-year decline of 2.2% in the first quarter of 2023 Russia’s economy posted a better than expected 2.2% GDP drop from January through March in annual terms, statistics from the Economy Ministry have shown. According to the ministry, the Russian economy shrank by 1.1% year-on-year in March, an improvement on a revised 2.9% decline in February. GDP is expected to rebound marginally in 2023 from a 2.1% annual decline last year due to Western sanctions. Ministry data seen by local media in April showed that the economy is forecast to grow 1.2% this year. Next year,
Hence then, the article about russian economy showing signs of recovery data was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Russian economy showing signs of recovery – data )