Russia's GDP growth slowed in Q2 while inflation continued to soar on the back of heavy state spending: report

Russia's GDP growth slowed to 4% in the second quarter of 2024, down from 5.4% in Q1, marking the lowest quarterly result since early 2023.

Consumer activity remains high due to increased incomes from state spending, leading to labor shortages and inflationary pressures, according to Russia's central bank.

Read at Business Insider