Russia's Economy Has Begun A Record Slowdown
4- 2.05.2025, 13:33
- 6,964
Financiers are sounding the alarm.
The Ministry of Economic Development of the aggressor country of the Russian Federation has released disappointing figures for the Putin regime, according to which the economic growth rate has slowed down significantly by the end of the first quarter of 2025, The Moscow Times reports.themoscowtimes.com">The Moscow Times.
So, in January - March this year, the gross domestic product (GDP) increased by 1.7%, which is 2.6 times less compared to the fourth quarter of 2024 (4.5%).
It also turned out that industrial growth in Russia collapsed more than 5 times (from 5.7% to 1.1%). In turn, retail trade fell from 5.5% to 3.2%, and wholesale trade decreased by 2.1%.
The decline in natural resources (minerals) extraction accelerated 4 times: from 0.9% to 3.7%.
Continuum Economics economist Volkan Sezgin states that the current result of the Russian economy has become the worst since Q1 2023, when it was still in recession.
As the reasons for this unenviable state of affairs, experts cite the very tight monetary policy of the Russian Central Bank, problems with logistics, inflation, as well as sanctions that were imposed against Russia for the military invasion of Ukraine.
Rail freight transportation in Russia fell by 7.2% in March 2025, and by 6.1% for the quarter. The decline in Russia's financial performance also covered oil and oil products, ferrous metals, coal, grain transportation, construction materials and a number of other sectors of the economy.
"Russia is facing the threat of an economic crisis," emphasized German expert, researcher at the Institute for International Security Janis Kluge.
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