Russian economy grows official 4.8% in third quarter

14th November 2011, Comments 0 comments

The Russian economy grew by 4.8 percent in the third quarter from output in the same period last year, the state statistics office said on Monday in a preliminary estimate.

The robust figure showed the relative strength of the Russian economy compared to some eurozone economies but was lower than the ministry of economic development's prediction of 5.1-percent growth.

Russian GDP growth was 3.4 percent in the second quarter compared with the same period in 2010. The government has predicted growth of 4.1 percent for 2011 as a whole.

© 2011 AFP

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