GDP growth slowed down to 1.8% y-o-y in Q3

RUSSIA ECONOMICS - In Brief 14 Nov 2017 by Marcel Salikhov

Rosstat published its first estimate of GDP growth for Q3-17. Economic growth slowed down to 1.8% y-o-y from 2.5% y-o-y in Q2. The estimate is lower than estimates from Ministry of Economic Development published earlier (2.2% y-o-y).Graph 1GDP growth by demand contribution, 2005-2017Source: Rosstat While current estimates do not include any GDP growth breakdown which will be published in a month, we believe that the slowdown was mainly caused by cooling household demand. Investments probably stayed strong supported by increased Gazprom's capex (Power of Siberia, Turkstream) and continued in...

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