In 10 months of this year, the Russian economy increased by 4.1 percent.
According to preliminary estimates of the Ministry of Economic Development of the Russian Federation, the level of inflation in the country in October decreased by 0.09 points compared to the previous month and amounted to 8.54 percent.
The growth rates of the Russian economy in October amounted to 3.2, while in 10 months of this year the country’s economy, according to preliminary estimates, increased by 4.1 percent.
In 2022, due to the comprehensive sanctions of Western countries, the Russian economy decreased by 2.1 percent. In 2023, it increased by 3.6 percent due to high prices for energy and increase in production capacities in the defense industry.
The Ministry of Economic Development of the Russian Federation expects that this year the growth of the country’s economy will be 3.9 percent.