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

18 Nov 2019

• 18 Nov 10:38

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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...