Investing.com -- Russia’s economy witnessed a 1.4% year-on-year increase in its gross domestic product (GDP) in March, following a 0.7% expansion in February, as reported by the economy ministry on Wednesday.

In the first quarter of 2025, the country’s GDP saw a year-on-year growth of 1.7%, a decrease compared to the 5.4% growth recorded during the same period in 2024.

Looking ahead, the economy ministry predicts a 2.5% annual growth rate for 2025. This forecast contrasts with the central bank’s prediction of a more modest 1-2% growth for the same period.

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