Official data showed that the Russian economy grew for a second consecutive quarter despite high inflation and Western sanctions that weakened the ruble.
The economy grew 5.5 percent year-on-year in the third quarter after contracting in the same period last year, according to the federal statistics agency Rosstat."
Russia's economy contracted in 2022 but grew again in the second quarter of this year year-on-year, ending a four-quarters streak of contraction. The central bank expects growth between 2.2 percent and 2.7 percent for the full year. Russian Economy Minister Maxim Reshetnikov confirmed that annual growth is expected to reach 3 percent.
Source (Al-Arabiya.net Website, Edited)
