According to the updated estimate of the Ministry of Economic Development, Russia's GDP for 9 months amounted to 4.2%

November 14th. /MEDIA TALK/. As Prime Minister Mikhail Mishustin noted at the Government meeting on economic issues, manufacturing industries made the main contribution to the growth of the economy's GDP, output in this industry increased by 8% in 3 quarters. The production of vehicles and equipment has increased by one and a half times, and computers and electronic systems by a third.

The growth rate of companies' investments in the first half of the year amounted to about 10%. The Prime Minister noted a slight decrease in investment activity recently due to rising loan rates and increased interest from the corporate sector in bank deposits.


Photo: ru.freepik.com

It should be noted that according to the forecast of the International Monetary Fund, Russia's GDP in 2024 will amount to 3.6%. The Bank of Russia expects a result of 3.5–4%.

We recently wrote about the forecasts of GDP growth in Russia of the Organization for Economic Cooperation and Development.