Central Bank says Russia’s GDP positive in fourth quarter of 2016


Russia’s GDP dynamics (seasonally adjusted) turned positive in the fourth quarter of 2016, the Central Bank reported Tuesday.

"In the fourth quarter of 2016, the annual rate of gain in production was estimated as positive, which is highlighted by the dynamics of forward-looking indicator of output of products and services on the main types of economic activity. The quarterly GDP growth rate (seasonally adjusted) is estimated to turn positive, demonstrating a revival of economic activity, which will persist in early 2017 as well," the report said.


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