Russia Hit Harder by Sanctions Than Expected as Putin Faces Deep Recession.
I would like tentatively to share the Newsweek article dated May 19.
Russia saw slower than predicted economic growth in the first quarter of 2022, signaling that sanctions imposed in response to its Ukraine invasion may have had a greater initial impact than expected.
A Bloomberg poll of economists found that their median forecast was for a year-over-year increase of 3.7 percent in Russia's gross domestic product in this year's first quarter. But Rosstat, Russia's federal statistics service, released a preliminary assessment Wednesday that showed GDP rose 3.5 percent in the quarter, compared with the same period last year, according to Reuters.
