Russia’s GDP contracts in 1Q25 in real terms for the first time since the war in Ukraine started

Russia’s Economic Stagnation Offers a Cautionary Tale

It’s not just the invasion of Ukraine causing problems for Russia’s economy. For years, it has stagnated while Eastern European neighbors have flourished, with Poland more than doubling its GDP per capita since 2010 as Russia’s barely increased. This striking divergence reveals how abundant natural resources and scientific capability count for little without effective governance and entrepreneurial culture. In nominal terms, Poland’s per capita …

Russia’s GDP contracts in 1Q25 in real terms for the first time since the war in Ukraine started

Russia’s economy contracted by 0.3% quarter on quarter in 1Q25 in seasonally adjusted terms, marking the first quarterly decline since 2Q22, Vedomosti daily reports citing estimates by Raiffeisenbank.

Russia’s Economy May Have Contracted in Q1 for First Time Since 2022, Experts Say

Russia’s economy may have shrunk in the first quarter of 2025 for the first time in nearly three years, the Vedomosti business newspaper reported Tuesday, citing analysts.

For the first time since 2022.