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Russian Economic Growth Dips in Second Quarter as Inflation Rises

The pace of Russia’s economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of “overheating.”

Gross domestic product (GDP) dipped from 5.4% in the first quarter to 4% from April to June, the lowest quarterly result since the start of 2023 but still a sign the economy is expanding.

Inflation meanwhile showed no signs of easing, with consumer prices rising 9.13% year-on-year in July — up from 8.59% in June and the highest figure since February 2023, according to data from the Rosstat statistics agency.

432 ,

I’m following the Kursk Oblast incursion and I have to say it’s wonderful news.

cabron_offsets ,

lol, fuck the blyats. Let them eat shit.

DaddleDew ,

Even if Putin dies and gets replaced by someone who immediately stops the war and brings Russia back into a mindset of international trade and cooperation, Russia’s economy will still be fucked for well over a century by the absolute disaster that is its demographics. They were already experiencing very bad “echoes” in their demographics from a entire generations being destroyed by their meat wave tactics of WW2. Now the problem is even worse.

Putin might have completely ruined Russia for centuries.

No_Eponym ,
@No_Eponym@lemmy.ca avatar

And so it goes. Nero fiddled, Putin danced.

https://c.tenor.com/7c3axs_fesYAAAAd/tenor.gif

SteveFromMySpace , (edited )

The russia economy has been growing at 2-3% for literally decades and has an economy that depends on petrol being $110 a barrel.

They will never stop being a second tier economy unless they wake up to how corrupt and inept their government is. They can’t even brute force it with people - they have ~15mill fewer people than they did going into WWI over 100 years ago.

They are slowly devolving into a rogue state and at this point it’s up to them to solve it. They’ve seceded from the world. Godspeed to them, truly. We have lost a beautiful culture and people to the poor decision making of their government.

WoahWoah ,

They have a nuclear arsenal, meaning “Godspeed to that crumbling rogue state” is a suboptimal position to take on Russia.

doodledup ,

Reading this makes me feel sad. Few people are able to destroy a whole culture.

Loduz_247 ,

These are not signs of a recession, but rather signs of a special economic operation.

-Message from the Russian Government

MediaBiasFactChecker Bot ,

Moscow Times - News Source Context (Click to view Full Report)Information for Moscow Times:
> MBFC: Left-Center - Credibility: High - Factual Reporting: High - Netherlands
> Wikipedia about this source

Search topics on Ground.Newshttps://www.themoscowtimes.com/2024/08/09/russian-economic-growth-dips-in-second-quarter-as-inflation-rises-a85984

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