Support The Moscow Times!

Economic Growth Quickens

The country's economic growth accelerated in the fourth quarter as commodity prices rose and companies boosted investment to meet rising domestic demand, the State Statistics Service said Friday in a statement.

Gross domestic product rose an annual 4.5 percent after a revised 3.1 percent in the previous three months.

The economy grew 4 percent last year, the statistics service said, reiterating its previous reading. Second-quarter growth was revised down to 5 percent, and expansion in the first quarter was upgraded to 3.5 percent, the service said.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.