Vladimir Putin smiles.
According to Russia's federal statistics service, the country's GDP contracted by 2.1% in 2022, better than previous estimates.
  • According to Russia's federal statistics service, the country's GDP contracted by 2.1% in 2022.
  • This is better than the 8.8% to 12.4% contraction that was projected in April 2022.
  • However, Russia stopped publishing some key economic data last year, throwing up a red flag.

One year after Russia's invasion of Ukraine, Russia's economy appears to have fared better than an expected "meltdown" — but experts have raised a red flag about the data itself.