Russia Q2 GDP Growth at Near 5-Year High

Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, following a 0.5 percent growth in the previous period, a preliminary estimate showed.

It was the third straight three-month period of growth and the strongest pace of expansion since the third quarter of 2012.

The Ministry of Economic Development had previously estimated GDP growth in the second quarter of 2017 at 2.7 percent.

The central bank expects economic growth at 1.3 to 1.8 percent in 2017. In 2016, the Russian economy contracted by 0.2 percent.

Joana Ferreira |
8/11/2017 2:20:37 PM