The industrial growth rate fell more than five times – from 5.7% to 1.1%, the wholesale trade began to decline for the first time since the winter of 2023 – by 2.1% per quarter.
The rate of economic growth in Russia significantly slowed according to the results of the first quarter of 2025. The Moscow Times reported this reference to the Russian Ministry of Economic Development report based on the results of the first quarter.
In January-March, the gross domestic product grew only 1.7%, which was 2.6 times lower compared to the previous quarter (4.5%). Industrial growth fell more than p ayat – from 5.7% to 1.1%. Views also slowed down – from 5.5% to 3.2%, in addition, wholesale trade in the first time since the winter of 2023 began to decline: minus 2.1% per quarter.
Middle -wise mining shows even the worst dynamics – the fall accelerates four times: from 0.9% to 3.7%. The Non -Resource Industry grows twice as slowly as usual -4.7% compared to 10.7% in the fourth quarter of 2024.
Overall, the result was the worst from the first quarter of 2023, when the Russian economy was still in shock. The factors are called strict financial policy of the central bank of the Russian Federation, penalized pressure, logistics and high inflation problems, says economist economic continuation of Volkan Sizgin.
In 2023-2024, the Russian GDP, according to official statistics, grew by 4.1% year -The -the fastest in the last 14 years. But, according to Heli estimates, the senior economist of the Institute of Country, which is developing, the Bank of Finland, at least 40% of this growth is provided by the military industry.
Despite the fact that defense plants continue to work with three transfers, it no longer supports the standard economy. In the NEVA sectors began a backwards, experts of the Center for Macroeconomic Analysis and short -TERM forecasting (TSMAKP) said. According to their estimates, in the first quarter, the release of civilian products was one monthly reduced by 0.8% (considered the time -time), and in March -by 1.1%. The rejection was recorded in engineering, manufacture of electrical equipment, building materials, ferrous metallurgy. The food industry continues to sink a record speed – minus 0.7% per month.
Train cargo transportation to the Russian Federation in March fell 7.2%, and per quarter – by 6.1%. The denial covers the transportation of grain, cement, building materials, oil and oil products, ferrous metal, coal and containers.
“Russia faces the threat of an economic crisis,” Yanis Klyge, a researcher at the Institute of International Security (Germany) assured.
Remember that Russia completed last year with a note in recent years by budget shortage, worth 3.5 trillion rubles.
The Russian Ministry of Finance increased the forecast of the budget deficit of 2025 to 1.7% of GDP which had previously been expected 0.5% against a long period of low oil and gas prices. The forecast for oil and gas revenue reduced by 24% to 8.32 trillion rubles ($ 101.47 billion).
Russia’s economy frozen: the “bloated” military -industrial complex does not save
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.