in the second quarter of 2022, the Russian economy switched from growth to decline – Economics – Kommersant
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In the second quarter of 2022, the Russian economy began to contract, with a 4.7% year-on-year drop in GDP. This is the average forecast of 12 analysts surveyed Bloomberg. According to economist Alexander Isakov, the economy will lose four years of growth, returning in the second quarter of 2022 to 2018 levels.
It should be noted that the contraction turned out to be softer than previously expected. Thus, in the March forecast of Bloomberg, a decline of 10% was laid down. However, the trend will continue in the coming quarters. The CBR does not expect a recovery before the second half of next year.
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