The Russian economy grew by 2.9 percent in the first nine months of the year
The Russian economy was reported to have grown 2.9 percent in the first nine months of the year, according to preliminary estimates.
According to preliminary estimates announced by Russia’s Federal Statistical Service (Rosstat), the unemployment rate in the country fell to 2.9 percent in October, the lowest level in history.
While the volume of retail trade increased by 5.5 percent in the first nine months of the year compared to the same period of the previous year, reaching 38.2 trillion rubles, automobile production in Russia increased by 8.1 percent compared to the previous year, reaching 417 thousand rubles. .
The Russian economy, which grew 5.5 percent in the third quarter of the year, grew 2.9 percent in the first nine months of the year.
THE ECONOMY DISAPPEARED LAST YEAR
Russia’s Ministry of Economic Development predicted that the growth of the Russian economy would be 2.8 percent this year, pointing to manufacturing, construction, agricultural areas and consumer demand as the main factors contributing to the growth.
Russian Finance Minister Anton Siluanov said the Russian economy could grow more than 3 percent this year.
The Russian economy, against which Western countries imposed comprehensive sanctions after the Ukraine war, contracted 2.1 percent last year. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
