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Russia’s GDP growth totals 3.1% in Q3, 4.1% in 9M 2024 — Central Bank

The Bank of Russia projects GDP growth in the country at 3.5-4% in 2024, 0.5-1.5% in 2025, 1-2% in 2026, and 1.5-2.5% in 2027

MAKHACHKALA, November 14. /TASS/. Russia’s GDP growth totaled 3.1% in Q3 while in the first nine months of 2024 GDP growth reached 4.1%, Adviser to Central Bank Governor Kirill Tremasov said.

"Speaking about overall economic dynamics, we received Q3 GDP growth data yesterday. Growth amounted to 3.1%, while 9M economic growth totaled 4.1%. It is safe to say that high economic growth rates persist and there is no strong slowdown emerging to speak of," he told reporters.

The Bank of Russia projects GDP growth in the country at 3.5-4% in 2024, 0.5-1.5% in 2025, 1-2% in 2026, and 1.5-2.5% in 2027.

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