https://sputnikglobe.com/20230830/russias-gdp-grows-by-21-in-annual-terms-in-january-july-1112998740.html

Russia's GDP Grows by 2.1% in Annual Terms in January-July

Russia's GDP Grows by 2.1% in Annual Terms in January-July

Sputnik International

Russia's GDP grew by 2.1% in January-July, but slowed to 5% in July in annual terms from 5.7% in June, the Economic Development Ministry said on Wednesday.

2023-08-30T18:11+0000

2023-08-30T18:11+0000

2023-08-30T18:11+0000

russia

economic development ministry

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russian economy

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"In annual terms, GDP exceeded the level of last year by 5% year-on-year (from 5.7% year-on-year in June), and the level of two years ago by 0.8% (+0.3% in June). In general, the GDP grew by 2.1% year-on-year in January-July 2023," the ministry stated.At the same time, the Russia's unemployment rate in July decreased to a new historic minimum of 3%, the Federal State Statistics Service (Rosstat) reported.Meanwhile, real wages in Russia grew by 10.5% in annual terms in June, by 6.8% in the first half of the year, the agency added.

https://sputnikglobe.com/20230822/putin-russia-among-worlds-top-five-economies-overtakes-germany-in-purchasing-power-parity-1112792881.html

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