Economists are divided on whether the Russian economy has entered a technical recession. The answer to this question depends on the methods of seasonal adjustment applied. Simpler approaches suggest that, in the second quarter, the economy showed meagre growth of 0.2%. This means recession could only be declared if the economy were to contract in both the third and fourth quarters, i.e. not before February 2026. Meanwhile, following a spike in May, industrial output declined in June and July....
