The Bank of Russia estimates the GDP growth in the second quarter to amount to 4.8% in annual terms, according to the Bank's monetary policy report, published on Monday
MOSCOW (Pakistan Point News / Sputnik - 31st July, 2023) The Bank of Russia estimates the GDP growth in the second quarter to amount to 4.8% in annual terms, according to the Bank's monetary policy report, published on Monday.
The Russian GDP in the second quarter showed growth of 4.8% after a decline of 1.8% in the first quarter.
In the third quarter, the Bank of Russia expects GDP growth to slow down to 3.6%, and in the fourth to slow down further to 1.5%.
