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Russia cuts economic growth forecast to 1.5%

Gulf Today

|

August 30, 2025

Russia sees economic growth in 2025 slowing to 1.5 per cent, far below the earlier 2.5 percent forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin.

Russia's war economy grew robustly at 4.18 in 2023 and 4.3 per cent in 2024, far faster than G7 countries, despite multiple rounds of Western sanctions imposed after its invasion of Ukraine in 2022, but it is slowing sharply this year.

Economy Minister Maxim Reshetnikov warned in June that Russia was on the brink of slipping into recession unless monetary policy changed.

Gulf Today からのその他のストーリー

Gulf Today

Gulf Today

Mead and Russo inspire Arsenal to first WCL win, United edge Atletico

England attackers Beth Mead and Alessia Russo helped Arsenal beat Benfica 2-0 on Thursday as the Women's Champions League holders claimed their first win in this season's tournament.

time to read

1 min

October 18, 2025

Gulf Today

Gulf Today

China's fiscal revenue picks up pace, officials vow early 2026 bond sales

BEIJING The 2.6% increase in fiscal revenue last month quickened from 2% growth in August, despite signs the economy may be losing some momentum

time to read

3 mins

October 18, 2025

Gulf Today

Gulf Today

Arsenal captain Odegaard ruled out for weeks in fresh injury blow

Arsenal midfielder Martin Odegaard will be out for a few weeks with a knee problem, manager Mikel Arteta said on Friday as the Premier League leaders return from the international break with several key players dealing with injuries and lack of form.

time to read

1 mins

October 18, 2025

Gulf Today

Gulf Today

Dubai Police impound vehicle over reckless driving

The General Traffic Department of the Dubai Police impounded a vehicle after its driver endangered the life of a motorcyclist by swerving and attempting to hit him while driving recklessly on one of the emirate’s roads.

time to read

1 mins

October 18, 2025

Gulf Today

60 S.Koreans to return home after Cambodia detention

Cambodia will repatriate 60 South Koreans detained for alleged involvement in cyberscam operations early on Saturday, a Seoul official said, a day after Phnom Penh announced plans to deport them.

time to read

1 mins

October 18, 2025

Gulf Today

Sharjah Book Fair to reveal fascinating interactive acts

The 44th Sharjah International Book Fair, organised by the Sharjah Book Authority at Expo Centre Sharjah from November to 16 under the theme ‘Between You and the Book’, will present a range of interactive performances that blend entertainment with education. Among the highlights are the family play “Hide and Seek” and the “360° Science Lab” show, alongside a variety of artistic activities that add cultural and creative elements to the visitor experience.

time to read

2 mins

October 18, 2025

Gulf Today

Gulf Today

Bezzecchi shatters lap record to top Australian MotoGP practice

Marco Bezzecchi demolished the Australian MotoGP lap record in setting the standard during second practice on Friday, becoming the first rider ever to dip below 1:27 at Phillip Island.

time to read

1 mins

October 18, 2025

Gulf Today

Gulf Today

Madhuri Dixit celebrates 26 years of togetherness with Dr Sriram Nene

It has been 26 years since “Dhak Dhak” girl Madhuri Dixit is enjoying marital bliss with husband Dr Shriram Nene.

time to read

2 mins

October 18, 2025

Gulf Today

ADAFSA wins six top international awards in '25

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has been awarded six prestigious international accolades during 2035, reaffirming its pioneering role in advancing the agricultural sector and strengthening the food security ecosystem in Abu Dhabi.

time to read

1 min

October 18, 2025

Gulf Today

Enhanced Games destined to fail: Sprint great Lewis

Sprint great Carl Lewis says he does not think the controversial Enhanced Games will be successful and the American is not keen to lend it any oxygen either.

time to read

1 mins

October 18, 2025

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