The recent performance of Russia’s economy shows GDP growth returning to levels seen before the pandemic, according to Senator Alexander Shenderyuk-Zhidkov. He shared this assessment with the news agency RIA News.
In his view, the economy expanded by 5.5 percent in the third quarter compared with the same period last year. That figure surpasses the forecasts offered by the Ministry of Economic Development and the Central Bank. (Source: RIA News)
Shenderyuk-Zhidkov noted that the last time such strong third-quarter growth occurred was in 2008. He described this result as signaling a meaningful development for the Russian economy. (Source: RIA News)
According to the senator, the primary drivers of growth are the manufacturing sector and trade activity. He believes overall GDP dynamics have regained pre-Covid momentum. If consumer demand picks up and fiscal support remains in place in the coming months, GDP could fully rebound from the downturn experienced in 2022. (Source: RIA News)
Earlier, Maxim Reshetnikov, head of the Ministry of Economic Development, indicated that Russia’s 2023 GDP could exceed previous forecasts. (Source: RIA News)
Earlier statements from Prime Minister Mishustin outlined the nine-month GDP growth rate, contributing to the ongoing discussion about the trajectory of the economy. (Source: RIA News)