Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

GDP Growth Promising

Russia's gross domestic product grew 3.2 percent in March year on year, while in the whole of the first quarter the economy grew 4 percent, Economic Development Minister Elvira Nabiullina said Monday.

"The [growth] rate does not look high, but a change of the nature of economic expansion stands behind the numbers," Nabiullina told a meeting at the ministry. "The phase of post-crisis recovery growth is over, accumulation of inventories has stopped."

In February, the economy grew 4.8 percent year on year.

(Reuters)

Read more