Russia GDP Growth Slows to 1.8% in Q3


Russia's gross domestic product grew 1.8 percent year-on-year in the third quarter of 2017, slowing down from a 2.5 percent expansion reported in the previous period. The weaker expansion was likely caused by slower industrial production while other sectors like retail, construction and agriculture grew faster.

It was the fourth straight quarter of growth after two years of contraction. Still, the expansion slowed from a 2.5 percent advance in the second quarter, which was the best annual rate since the third quarter of 2012.
The Ministry of Economic Development had previously estimated GDP growth in the third quarter of 2017 at 2.2 percent.
For 2017, the government expects the economy to expand 2.2 percent while the central bank sees GDP growth at 1.7-2.2 percent.

Russia GDP Growth Slows to 1.8% in Q3


Joana Ferreira | joana.ferreira@tradingeconomics.com
11/13/2017 6:08:26 PM