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Russia's GDP Growth Plummets Amid Industrial Decline

10/30/2025

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Summary

Story summary

Russia's GDP growth slowed to 0.6% year-on-year in Q3 2025, down from 1.1% in Q2 2025.
GDP expanded by 1% in the first nine months of 2025, a stark decline from 4.3% growth in 2024.
Industrial sectors are struggling, with food production and manufacturing output declining.
Contributing factors include a budget deficit and a 21% decrease in oil revenues, leading to reduced government funding and spending cuts.

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Story summary

Russia's GDP growth slowed to 0.6% year-on-year in Q3 2025, down from 1.1% in Q2 2025.
GDP expanded by 1% in the first nine months of 2025, a stark decline from 4.3% growth in 2024.
Industrial sectors are struggling, with food production and manufacturing output declining.
Contributing factors include a budget deficit and a 21% decrease in oil revenues, leading to reduced government funding and spending cuts.