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Russian GDP Up 1.4% in March, Economy Ministry Says

MOSCOW, April 30 (Reuters) - Russia's gross domestic product (GDP) grew by 1.4% in March year-on-year after expanding by 0.7% in February, the economy ministry said on Wednesday.

For the first quarter this year, GDP grew by 1.7% in year-on-year terms compared to growth of 5.4% in January-March 2024, the ministry said.

Economists in a Reuters poll said they see growth slowing to 1.6% in 2025, down from 4.3% in 2024.

The economy ministry forecast 2025 annual growth of 2.5%, compared with a central bank prediction of 1-2%.

Editing by Andrew Osborn

Source: Reuters


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