F-22Raptor
ELITE MEMBER
![](/styles/default/xenforo/ranks/General.jpg)
- Joined
- Jun 19, 2014
- Messages
- 16,980
- Reaction score
- 3
- Country
- Location
May 17 (Reuters) - Russia's economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth of 3% in the same period of last year.
Russia's economy defied early expectations of a double-digit collapse in 2022, but still contracted 2.1% after the West imposed sanctions in response to Moscow despatching troops to Ukraine in February.
The economy ministry this month estimated that gross domestic product (GDP) had fallen 2.2% in the first quarter, while the central bank has predicted a 2.3% decline. That follows a 2.7% drop in the fourth quarter of last year, according to Rosstat data.
www.reuters.com
Russia's economy defied early expectations of a double-digit collapse in 2022, but still contracted 2.1% after the West imposed sanctions in response to Moscow despatching troops to Ukraine in February.
The economy ministry this month estimated that gross domestic product (GDP) had fallen 2.2% in the first quarter, while the central bank has predicted a 2.3% decline. That follows a 2.7% drop in the fourth quarter of last year, according to Rosstat data.
![www.reuters.com](/proxy.php?image=https%3A%2F%2Fwww.reuters.com%2Fresizer%2Ff7qCRdwPisr8DV_VXDGIaIgV8M4%3D%2F1200x628%2Fsmart%2Ffilters%3Aquality%2880%29%2Fcloudfront-us-east-2.images.arcpublishing.com%2Freuters%2FBZACEDPNZFIE7H3QBR4ACB54DY.jpg&hash=fcfb679945f83711aa698647277ff6c8&return_error=1)
Russian economy shrank 1.9% in first quarter, statistics service says
Russia's economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth of 3% in the same period of last year.