Russia’s Q3 GDP growth estimated at 5.5% -Rosstat

(Reuters) – Russia’s gross domestic product (GDP) grew 5.5% in the third quarter compared to the same period last year, when it shrunk 3.5%, the state statistics service Rosstat estimated on Wednesday.

Russia’s economy is on course to recover this year from a 2.1% drop in GDP in 2022, as the West imposed sweeping sanctions against Russia over its invasion of Ukraine.

In the first quarter of this year, GDP decreased 1.8% and grew 4.9% in the second.

(Reporting by Darya Korsunskaya; Writing by Alexander Marrow; Editing by Andrew Cawthorne)

Reuters

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