Friday, the Russian Federal State Statistics Service announced that the gross domestic product or GDP at constant prices decreased 8.9% year-on-year in the third quarter, compared to the 10.9% fall in the previous quarter. A year ago, the GDP was up 6%.
Sequentially, the GDP increased 13.8% in the third quarter, faster than the 7.4% growth in the previous quarter.
For the January to September period, the GDP was down 9.9% compared to the same period of the previous year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.