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Russia's industrial titans furlough workers as its war economy stalls
Yahoo Finance·2025-10-09 16:41

But Russia's nominal GDP is now 2.2trillion,aboutthesamelevelitwasin2013,theyearbeforeRussiaannexedCrimea.DuringPutinsfirsttwotermsaspresidentfrom2000to2008,Russiaseconomysoaredto2.2 trillion, about the same level it was in 2013, the year before Russia annexed Crimea.During Putin's first two terms as president from 2000 to 2008, Russia's economy soared to 1.7 trillion from less than $200 billion in 1999.Russia's Center for Macroeconomic Analysis and Short-term Forecasting - an influential research non-profit - said sectors of the economy not connected with the military had contracted by 5.4% since the start of the year. The Center forecasts a major ...