Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago.
The GDP rate went into positive territory last month after the year-on-year decline seen in January and February, when the Russian economy shrank 2.2% and 2.5% respectively, according to the official report published on Tuesday evening. The economy was still down in quarterly terms, but the decline in GDP slowed to 1.3% compared to a year ago.
Continue reading https://on.rt.com/b6ii