Cbank now says Russia’s GDP falls 0.4–0.6% on year in Jul–Sep

MOSCOW, Oct 31 (PRIME) -- Russia’s gross domestic product (GDP) fell 0.4–0.6% on the year in July–September, the central bank said in a revised report Monday.

In late September, the central bank said that GDP contracted 0.4–0.7% in July–September.

“GDP growth in the third quarter adjusted for seasonal factors is estimated by the central bank at close to zero compared with the previous quarter, which corresponds to GDP contraction of 0.4–0.6% to the corresponding period of last year,” the central bank said.

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