Rosstat: Russia’s GDP Drops 1.2% in Q1

18 May 2016 (13:38)

UrBC, Moscow, May 18, 2016. Russia’s GDP declined by 1.2% in the first quarter of the year compared with one year earlier, Rosstat’s data indicate.

‘The GDP physical volume index has preliminarily been estimated at 98.8% of last year’s amount,’ the agency reports.

In fact, the country’s GDP already dropped by 3.8% in the last quarter of 2015 and by 3.7% in the year 2015 altogether.

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