Rosstat raised its forecast for Russia’s gross domestic product (GDP) growth for January-September 2023 to 3% from the initial 2.9%. This is as follows report Departments related to GDP production in the third quarter of 2023.
At the same time, Rosstat confirmed its preliminary forecast that the Russian economy will grow by 5.5% in the third quarter compared to the same quarter last year.
According to the ministry, the GDP of the Russian Federation in the third quarter amounted to 44.1513 trillion rubles. Compared to the second quarter, the growth of this indicator was 7.8%.
Last week, Russian President Vladimir Putin statedIt is predicted that Russia’s GDP could grow by at least 3.5% by the end of this year.
Before that the World Bank guess The Russian economy is expected to grow 1.6 percent in 2023 and 1.3 percent in 2024.
Previously UN raised Forecast of Russia’s GDP growth.