- Home
- World
- News
- Russia's GDP Decline Slows Down to 3.3% in Sep, 3.8% in Q3 - Economic Development Ministry
Russia's GDP Decline Slows Down To 3.3% In Sep, 3.8% In Q3 - Economic Development Ministry
Mohammad Ali (@ChaudhryMAli88) Published October 21, 2020 | 12:19 AM
The decline in Russia's gross domestic product (GDP) in September slowed down to 3.3 percent year-on-year after falling by 3.7 percent in August, the Russian Economic Development Ministry estimates
MOSCOW (UrduPoint News / Sputnik - 20th October, 2020) The decline in Russia's gross domestic product (GDP) in September slowed down to 3.3 percent year-on-year after falling by 3.7 percent in August, the Russian Economic Development Ministry estimates.
"Monthly GDP growth rates during the third quarter showed an upward trend: according to estimates, in September 2020, the fall slowed to minus 3.3 percent year-on-year compared to minus 3.7 percent year-on-year in August and minus 4.4 percent year-on-year in July," the ministry said.
Russia's economy shrunk just 3.8 percent year-on-year in the third quarter of 2020, compared to 8 percent fall in April-June 2020, it said.
The decline in GDP for 9 months of 2020 is estimated at 3.5 percent in annual terms, it said
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From World
-
Clean energy drives massive BHP takeover bid
2 minutes ago -
Copper price tops $10,000 for first time in two years
22 minutes ago -
Ukraine agriculture minister held for alleged corruption
31 minutes ago -
China calls Germany spy claims 'pure fabrication'
42 minutes ago -
Singapore expects 1-3 pct growth this year
51 minutes ago -
Hong Kong's Hang Seng Tech Index rises over 5 pct
51 minutes ago
-
New Zealand business sector R&D expenditure hits 2.21 bln USD
51 minutes ago -
3 dead after mini car falls into west Japan paddy field
52 minutes ago -
Chinese shares higher at midday Friday
52 minutes ago -
Myanmar plans to export 2,000 tons of coffee in 2024-25 fiscal year
1 hour ago -
Chinese shares close higher Friday
1 hour ago -
Pro-Palestinian US campus protests grow as police crack down
1 hour ago