Russia’s GDP in the third quarter grew by 1.3%

© RIA Novosti / Vladimir Traveloperator in photobacteria rubles. Archival photoRussia’s GDP in the third quarter grew by 1.3%© RIA Novosti / Vladimir Traveloperator the image Bank

Rosstat recorded growth of Russian economy in the third quarter of 2018 1.3% compared to the same period last year, which coincided with the Ministry of economic development.

«The index of physical volume of gross domestic product in the third quarter of 2018 compared to the corresponding period in 2017, according to preliminary estimates, amounted to 101.3%», — stated in the message of Rosstat.

The head of the Ministry Maxim Oreshkin at the end of October, said that problems with the harvest «took away» the GDP growth in the third quarter of 2018 0.5 percentage points, excluding agriculture, growth would have been 1.8 per cent.

In the second quarter, GDP growth was 1.9% in annual terms in the first and 1.3% in annual terms. According to the Ministry, Russia’s GDP in January-September 2018 rose 1.6%.

In the fourth quarter the Ministry expects acceleration of growth, which, in the opinion of the Ministry, will enable us to reach the projected year-end to 1.8%.