You searched for "Growth" (3 results found)

Meat exports showed significant growth in the first nine months of 2020

  • 3 Nov 13:09

Meat exports showed significant growth in the first nine months of 2020 Meat and by-products worth 610 million dollars were introduced to foreign markets, which is 79% higher than last year during the same period. The top five buyers of Russian meat include China. The country imported 235 dollars million worth of products in 2020, which is 3.9 times higher than in 2019. Vietnam increased the purchases by 3.8 times to 92 million dollars, and Ukraine has imported Russian meat worth 80 million dollars (+14%). Exports to Hong Kong increased 2.1 times to 47 million dollars, and supplies to Kazakhstan raised to 35 million dollars (+48%). "This season's growth in the exports of Russian meat products is the result of systematic work.. Read more...

Russian GDP Growth Picks up in Q3 to 1.7%, Official Data Shows

  • 18 Nov 10:38

Russian GDP Growth Picks up in Q3 to 1.7%, Official Data Shows An increase in gas exports helped the growth of Russia’s gross domestic product (GDP) to pick up in the third quarter and slightly exceed market expectations, the Federal Statistics Service said on Wednesday, according toReuters. The statistics serviceRosstatsaid the Russian economy grew by 1.7% in the third quarter of 2019 in year-on-year terms, up from 0.9% in the second quarter. “Based on the data upon which this preliminary third-quarter GDP estimate was formed, we see that it was significantly influenced by the increase in wholesale trade turnover, in particular the gas trade,” said the head of Rosstat, Pavel Malkov. The issue of sluggish. Read more...

World Bank Lowers Growth Prediction for Russia’s Economy

  • 6 Jun 09:48

World Bank Lowers Growth Prediction for Russia’s Economy In another downgrade of its forecast for the growth of Russia’s economy, theWorld Banksaid on Wednesday it expects the Russian GDP to grow at a rate of 1.2% this year,Reutersreported. The financial institution held its 2020 and 2021 forecasts at 1.8%. Its latest revision — made in the twice-yearly Global Economic Prospects report — is still more optimistic than Russia’s own projection of 0.8 percent. The curtailed expectations parallel the World Bank’s downgraded forecast for global growth from 2.9 percent to 2.6 percent. Real GDP growth exceeded expectations in 2018, reaching 2.3 percent despite international sanctions. The bank had said. Read more...