Russian Economic Growth Slows Amid Inflation Concerns

Russia's economy grew at a slower pace in Q2 2024, with GDP dipping to 4% from April to June. This follows a 5.4% growth rate in the first quarter. Inflation concerns persist, with consumer prices rising 9.13% year-on-year in July. The Kremlin has heavily militarized Russia's economy since sending troops into Ukraine in 2022, fueling economic growth but also driving up inflation.

Source: https://www.themoscowtimes.com/2024/08/09/russian-economic-growth-dips-to-4-in-second-quarter-a85984