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‼️ Russia’s economy likely shrank in Q1. Technical recession incoming if it shrinks again in Q2!! “The actual decline in GDP in January-March could amount to 0.6-0.8%… The growth of activity in certain industries at the end of 2024, creates the illusion of stability…” frankmedia.ru/200747

May 6, 2025, 2:08 PM

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    "text": "‼️ Russia’s economy likely shrank in Q1. Technical recession incoming if it shrinks again in Q2!!\n\n“The actual decline in GDP in January-March could amount to 0.6-0.8%… The growth of activity in certain industries at the end of 2024, creates the illusion of stability…”\n\nfrankmedia.ru/200747",
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          "alt": "Alexander Isakov, chief economist of Bloomberg Economics, agrees with the Raiffeisenbank's assessment, believing that the actual decline in GDP in January-March could amount to 0.6-0.8% quarter-on-quarter with seasonal adjustment. At the same time, according to him, the growth of activity in certain industries at the end of 2024, such as construction and agriculture, rather creates the illusion of stability than reflects real trends.\n\nIn addition, Isakov notes that PMI indicators in the manufacturing industry, as well as data on rail transportation, indicate that the trend of decreasing business activity continues in the second quarter of 2025.",
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