Russia Records 3.6% GDP Fall in Third Quarter
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Russia Records 3.6% GDP Fall in Third Quarter
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Description
Russia's GDP declined 3.6% in the third quarter, a major improvement from the 8% drop in the second quarter. Analysts believe this is due in part to the lifting of coronavirus-related restrictions. If this trend continues, Russia's official estimates of a 3.8% GDP contraction for the year may be validated. However, if the second wave of the pandemic worsens, then official predictions–and plans– may be overturned.
