Russian GDP fell in Q3

RUSSIA / FSU POLITICS - In Brief 17 Nov 2020 by Alex Teddy
Russia's economy went down by 3.6% YoY in Q3. That is not as bad as Q2 when it fell 8% YoY.After the first lockdown the Economy Ministry forecast a GDP fall of 3.8% for 2020. That statistic now seems far too rosy.The laxer lockdown in Q3 has mitigated the economic slowdown. Domestic tourism has also been a boon. This is such a growth area because most destinations were effectively barred to Russian tourists. Home construction has also been boosted due to government subsidized mortgages. There has been a bumper grain harvest this year.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.