Russian economic growth slows to 3.5% y/y in Q1 – Rosstat
Abstract：(Reuters) – The Russian economy expanded by 3.5% year-on-year in the first quarter of 2022 after growing 5% in the previous quarter, data from federal statistics service Rosstat showed on Wednesday.
div classBodysc17zpet90 cdBBJodivpReuters – The Russian economy expanded by 3.5 yearonyear in the first quarter of 2022 after growing 5 in the previous quarter, data from federal statistics service Rosstat showed on Wednesday.p
pThe first quarter is expected to have been the last with sound growth before the Russian economy took a hit from sweeping sanctions for Moscows decision to send tens of thousands of troops into Ukraine on Feb. 24.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pThe economy ministry said this week it expected gross domestic product GDP to contract by 7.8 in 2022.p
p
pp Reporting by Reuters editing by John Stonestreetp
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