Russian Third-Quarter GDP Grew at Slowest Since 2010 Rebound

Russia’s economy expanded in the third quarter at the slowest pace since it began recovering at the start of 2010 as a drought hurt agricultural output and stuttering global growth curbed demand for commodities exports.

Gross domestic product rose 2.9 percent last quarter compared with the same period a year earlier, the Federal Statistics Service in Moscow said today in an e-mailed statement. That exceeded a 2.8 percent median forecast of 15 economists in a Bloomberg survey, which was also the level of growth estimated by the Economy Ministry last month.