FX.co ★ Russian GDP Expands 1.4% in Q1

Russia's gross domestic product increased by 1.4% in the first quarter of 2025, marking a notable deceleration from the robust 5.4% growth observed during the same period the previous year, as indicated by preliminary figures. This is the most sluggish growth rate recorded since the economy began its post-recession expansion in the second quarter of 2023. Initially, the economy ministry had slightly higher expectations, forecasting a 1.7% growth rate for the quarter. In terms of future projections, the economy ministry anticipates an annual growth rate of 2.5% for 2025. Meanwhile, the central bank provides a more conservative estimate, projecting growth to fall within the range of 1% to 2%.