Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
World
Benedict Tetzlaff-Deas

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

Russia has fallen into recession after being hit hard by Western sanctions over the war in Ukraine.

Official data released from the nation's official statistics agency Rosstat shows that the country's GDP shrank by 4% in third quarter of 2022 compared to a year ago.

It means Vladimir Putin 's country is now technically in recession after experiencing two contractions in a row, having also recorded a 4.1% fall in the second quarter of this year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.