GDP

EU GDP declines in Q1

Seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.5% in the EU during the first quarter of 2020, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the …

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IMF changes forecast for Russia’s GDP growth in 2019

The International Monetary Fund (IMF) has worsened its Russia’s 2019 growth forecast by 0.1 percentage point to 1.1% following a revision of the average annual oil price forecast, the IMF said in its World Economic Outlook. …

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Russia's 2018 GDP growth above target

The Russian economy grew by 2.3% last year, beating official forecasts, but the expansion did not support private sector consumption, according to preliminary data from the Rosstat statistics service. The economy ministry last month …

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OECD changes Russia growth forecast

The Organisation for Economic Co-operation and Development (OECD) cut its 2019 forecast for the GDP growth in Russia. The estimate for the 2018 GDP growth in Russia was downgraded from 1.8% to 1.6%, compared to the September report, …

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Russia to earn 100 trillion rubles

Russia’s Economic Development Ministry revised its economic forecast. It was presented by Economy Minister Maxim Oreshkin at the State Duma meeting nu budget and taxes. Russia’s gross domestic product was …

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Russian economy ministry lowers GDP growth outlook

Russian gross domestic product (GDP) growth is seen at 1.3% year-on-year in February, Russian Economic Development Ministry said. The ministry also revised its estimate for January GDP growth to 1.7%year-on-year, versus a previous …

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Georgia’s economic growth slows down to 4.4%

Georgia’s economy slowed down to 4.4% growth in the first month of 2018 from 5.2% in January 2017, according to the latest data from the National Statistics Office of Georgia (Geostat). In January 2018 the estimated real Gross …

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Russia's GDP grew 1.4% in 2017

Russia’s gross domestic product grew by 1.4 percent in 2017, Russian President Vladimir Putin said. "Russian GDP increased 1.4 percent last year," TASS cited Putin as saying. According to the president, …

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World Bank expects Russia’s economy to grow

The World Bank expects Russia’s economy will expand moderately over the next three-year period, with growth rates are seen at 1.3% and 1.4%. "We expect the Russian economy to grow 1.3% in 2017 and 1.4% both in 2018 and …

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 Government predicts economic growth in Russia

Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …

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GDP of Georgia rises by 2.7%

The GDP of Georgia in 2016 amounted to $14.3 billion, exceeding the previous year’s figure by 2.7%, according to the information of the National Statistics Office of Georgia 'Geostat'. The GDP deflator was 4%. 9.9% of GDP …

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