Russia enters recession, GDP shrinks 4% in third quarter

Russia's economy has finally fallen into recession, 8 months after it invaded Ukraine

Russia's GDP contracted by 4% year-on-year in the third quarter of 2022, after a 4.1% on-year decline in the second quarter.

Russia enters recession as GDP shrinks by 4%

With two consecutive quarters of falling GDP, Russian economy continues to contract, but it has so far survived Western sanctions over its Ukraine offensive better than many economists expected.

Russia enters recession, GDP shrinks 4% in third quarter

Nine months after beginning its offensive in Ukraine, Russia has entered a recession as a result of the economic pressure caused by Western sanctions, according to official figures released on Wednesday.  In the third quarter, GDP decreased by four per cent, according to a preliminary estimate by the national statistics office Rosstat.  With two consecutive quarters of declining GDP, which follows one of a similar size in the second quarter, Rus…

Russia's economy slid into recession

The Russian economy has slipped into recession. Gross domestic product shrunk by four percent in the third quarter, the Russian statistics office Rosstat wrote in its first estimate of the trend of economic activity. About four percent, the economy also shrunk in the second trimester.

Russia falls into recession

Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter, according to first estimates published

Russia Falls into Recession

Russia's economy has entered a recession as gross domestic output fell by 4% in the third quarter, according to first estimates published Wednesday by the national statistics agency, Rosstat.  The drop in GDP follows a similar 4% contraction in the second quarter, as Western sanctions pummel Russia's economy following Moscow's offensive in Ukraine.  The 4% drop in economic output between July and September was less than the 4.5% contraction analy