Russia Sees 1.2 Percent GDP Growth in First Half of 2025

2025-08-14 02:26:21

(MENAFN) Russia's economy expanded by 1.2% in the first half of 2025, according to reports released on Wednesday.

The Russian Ministry of Economic Development has estimated the growth at 1.2% year-over-year for the period, as reported by a local news agency.

In the second quarter of 2025, Russia's GDP increased by 1.1%, following a stronger 1.4% growth in the first quarter, based on preliminary data from the Federal State Statistics Service.

"The main factor behind the slowdown was weaker domestic demand, which was reflected in a notable easing of inflation – from a peak of 10.3 percent year on year in March to 8.55 percent as of August 11," the ministry told the news agency.

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