Economics
Russia Feels Economic Growth Limits Again After Short-Lived Acceleration
- GDP grew annual 1.8% last quarter, missing survey median of 2%
- Industrial output, seasonal effects seen driving weaker result
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Russia’s economy slowed more than forecast despite a rally in oil, its chief export, ending three quarters of accelerating growth that followed the country’s worst recession this century.
Gross domestic product added an annual 1.8 percent in the third quarter, down from 2.5 percent in the previous three months, the Federal Statistics Service said on Monday, citing preliminary data, which don’t include a breakdown. The result missed a median estimate of 2 percent in a Bloomberg survey of 19 analysts.