Russian GDP growth rate may be above forecast by year-end — ministry

Russian GDP growth rate may be above forecast by year-end — ministry The Russian gross domestic product increased by 1% year on year in the third quarter of 2026 under the preliminary estimateMOSCOW, November 13. /TASS/. Russian GDP growth rates by the end of this year may be higher than expected in forecasts, the press service of the Ministry of Economic Development told reporters. "The Russian economy continues developing, contrary to external challenges and constraints. According to flash data, the GDP increase in the third quarter was provided by internal demand and certain real sector industries. Processing industries had the upside; the machine-building and metallurgical complexes provided the bulk of contribution. Construction returned to growth; transport freight turnover continued growing," the ministry said. "The provisional estimate of Rosstat (Russian statistics service - TASS) provides grounds to believe that GDP growth rates as of the end of 2026 may turn out to be slightly above the current forecast. Further dynamics will depend on the pace of structural changes in the economy and efficient implementation of National Projects," the press service added. The Russian gross domestic product (GDP) increased by 1% year on year in the third quarter of 2026 under the preliminary estimate, Rosstat reported earlier. 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