In the period January-September 2023, the growth in Russia’s gross domestic product was 2.8% on an annual basis. This was reported by TASS.
Such preliminary data is provided by the Ministry of Economic Development, Russian Prime Minister Mikhail Mishustin said at a meeting on economic issues. According to the head of government, Russia’s GDP growth rate in September has already exceeded 5% compared to the same period last year.
Mishustin noted that by the middle of the year the Russian economy had almost completely reached pre-crisis levels. This was made possible thanks to the implementation of President Vladimir Putin’s instructions and the support of key sectors.
“For the fifth month in a row, mechanical engineering provided the biggest boost, with growth of over 22%. These three complexes, together with the chemical and metallurgical complexes, account for almost 90% of the increase in production output,” Mishustin concluded.
The Prime Minister also stated that the decline in the oil and gas sector continues. The official noted that it would take time to redirect export supply in this area. Overall, despite external challenges, the Russian economy is showing sustainable growth. summarized former Prime Minister. According to his assessment, positive dynamics are expected at the end of 2023.
Earlier, the expert explained how the crisis in Europe could happen to influence About the Russian economy.