Skip to content
Subscriber Only
Business
Economics

Russian GDP Seen at Slowest Since 2009 as Oil Adds to Pain

Updated on

Russia’s third-quarter economic growth was the slowest since a 2009 contraction as the slumping price of crude oil and the ruble’s plunge added to the effect of sanctions over Ukraine, a survey of economists showed.

Gross domestic product grew 0.3 percent from a year earlier after expanding 0.8 percent in the previous three months, according to the median estimate of 21 economists in a Bloomberg survey. The statistics office in Moscow will release the data tomorrow or Nov. 14.