Russia 's economic growth remains tepid as gross domestic product ( GDP ) growth slowed to 1 % annually in 2015 , down from 1.8 % in July , according to the economy ministry . From January to August , GDP rose 1.6 % YoY , according to the ministry 's monthly report , while a Reuters consensus forecast was for 1.6 % growth in 2020 . one of the few areas where the economy is growing is retail sales .
Russia's economic growth remains tepid as gross domestic product (GDP) growth slowed to 1% YoY in August, down from 1.8% in July, according to the economy ministry. From January to August, GDP rose 1.6% YoY, according to the ministry's monthly report, while a Reuters consensus forecast was for 1.6% growth in August. One of the few areas where the economy is growing is retail sales.