Russian economy grew on an annual basis in November

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An analysis by the Ministry of Economic Development of the Russian Federation states that Russia’s GDP growth slowed down to 4.4% in November on an annual basis after 5.1% in October, and that GDP increased by 3.3% in the January-November period. The agency reports that “Hit the primer”.

According to the ministry, in the 11 months of 2023, Russia’s GDP exceeded the 2022 level by 3.3% annually.

According to the ministry, on a monthly basis, GDP increased by 0.4% in November (there was a 0.3% increase in October), excluding the seasonal factor.

The Ministry of Economic Development believes that Russia’s GDP will grow by 2.8% in 2023.

Previously Russian President Vladimir Putin statedHe stated that Russia’s gross domestic product will increase by 3.5 percent by the end of 2023, and that the growth will also be seen in other countries of the Eurasian Economic Union (EAEU).

Putin said that the state’s foreign debt decreased from 46 billion dollars to 32 billion dollars on December 14. According to the Central Bank of Russia, the ratio of foreign debt to GDP in Russia fell below 15 percent for the first time in the second quarter. of this year.

Previously Mishustin in the name Avoid excessive optimism.

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