Geopolitical Economics
As Putin’s wartime economy loses steam, workers at an empty mall fear for futureRussia's economy is slowing, with a 1.8% GDP contraction, amid wartime struggles and sanctions.
CNN · May 3
Russia's economy is slowing, with a 1.8% GDP contraction, amid wartime struggles and sanctions.
Russia's economy shows mounting strain as evidenced by a largely deserted Moscow mall, GDP contraction of 1.8% in early 2026, and Putin acknowledging slowing growth despite military spending and increased oil exports offsetting Western sanctions.