Russia's GDP Growth Slows, Inflation Rises
This is a Russia news story, published by Insider, that relates primarily to AFP news.
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huge Kremlin spendingInsider
•Russia's GDP growth slowed in Q2 while inflation continued to soar on the back of heavy state spending: report
86% Informative
Russia 's economic growth slowed to 4% in the second quarter of 2024 , down from 5.4% in Q1 .
Russia 's central bank raised its key interest rate to 18% last month in an attempt to combat inflation.
Inflation hit 9.13% year-on-year in July , according to a report by the AFP report.
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