Russia's GDP growth slows to 3.1% y/y in Q3


14-11-2024 10:43 AM

Ammon News - Russia's gross domestic product (GDP) grew by 3.1% in the third quarter of 2024, down from a 4.1% annual rise in the second quarter and 5.4% in the first quarter, state statistics service Rosstat said on Wednesday.

The economy ministry previously estimated that the economy would grow 2.9% in the third quarter. The central bank had predicted 3.2% growth.

The Russian government forecasts GDP growth for 2024 as a whole at 3.9%, surpassing the 3.6% growth achieved in 2023, thanks to substantial budget injections and greater military-industrial production as Moscow continues its war in Ukraine.

Reuters




  • no comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :