Russia's growth dips as inflation weighs on economy

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MOSCOW Russia 's growth slowed in the third quarter, official statistics have shown, with high inflation caused by the Kremlin's massive spending on the Ukraine offensive weighing on the economy. Growth in the third quarter was 3.1 percent year-on-year, down from 4.1 percent in the second quarter. Inflation, meanwhile, came in at 8.5 percent in October, down from 8.6 percent a month earlier, but still well above the state's official 4 percent target. Experts say the government's massive

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Russia's growth dips as inflation weighs on economy https://www.hurriyetdailynews.com/ - 14.11.2024 11:40

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Russia's growth dips as inflation weighs on economy https://www.hurriyetdailynews.com/ - 14.11.2024 11:40