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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.