April 15, 2026
Putin says Russia’s GDP contraction in first 2 months of year is due to seasonal factors
President Vladimir Putin attributed the recent drop in Russia’s GDP to seasonal factors, speaking at a government meeting on economic issues.
TL;DR
- Russia's GDP contracted by 1.8% in the first two months of the year.
- President Putin cited seasonal factors, such as fewer working days, as the main cause.
- Manufacturing and construction were the primary drivers of the contraction.
- The article notes the overall slowdown is a direct consequence of the war and increased defense spending.
- Russia's GDP grew by 1% in 2025, down from over 4% the previous year.
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