Russia's GDP is falling, and with it, oil and gas revenues. Even military factories are already planning to cut staff.

The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed GDP has been shrinking this year. The latest cut brought rates down ...

Spending on war in Ukraine, high interest rates slowing economy Official forecast was 2.5% for 2025 Russia also cuts forecast for industrial production Russia's key interest rate is at 18% MOSCOW, Aug ...

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MOSCOW, Oct 14 (Reuters) - The International Monetary Fund has downgraded Russia's gross domestic product (GDP) growth forecast for 2025 to 0.6% from 0.9%, below the official government forecast of 1% ...

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ...

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In calculating GDP dynamics, industry statistics indicators were used, which showed production growth in a number of types of economic activity MOSCOW, August 13. /TASS/. Russia’s GDP growth amounted ...

IMF data shows Kazakhstan’s GDP per capita will reach $14,770 in 2025, surpassing Russia’s $14,260. Strong growth in sectors like transportation and construction, along with oil exports to Europe, has ...

MOSCOW (Reuters) -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister ...