EconomyRussia’s economy is growing faster than expected. It probably won’t last.
Russia’s GDP grew 1.3% year over year in the second quarter after contracting 0.2% in the first, beating forecasts from the central bank and Economic Development Ministry. The rebound was driven largely by temporary factors, including more working days and higher military and government spending. High interest rates, falling oil output, weak civilian industries, sanctions, and the widening budget gap point to slower growth. VEB.RF chief economist Andrei Klepach was dismissed after publicly discussing the economy’s problems.
MMeduza★★★☆☆2026-08-18 09:52Original
Russia’s economy is growing faster than expected. It probably won’t last.
Economy