Russia GDP


GDP marks slowest growth in almost three years

According to the flash estimate published by the Federal State Statistics Service (Rosstat) on 13 November, GDP grew 2.9% in the third quarter over the same period last year. The result represents a moderation compared to the 4.0% expansion recorded in Q2 and marked, in fact, the slowest expansion since the fourth quarter of 2009. That said, the reading came virtually in line with market expectations of a 2.8% increase.

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Russia GDP Chart

Russia GDP Q3 2012

Note: Year-on-year changes of GDP in %.
Source: Federal State Statistics Service (Rosstat) and FocusEconomics Consensus Forecast.

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