The acceleration of the growth rate of Russian GDP by 2.3% in 2018 is due to one-off factors and is not stable.
In 2019, growth will slow to 1.3%. This forecast was presented by the Ministry of Economic Development in the “Picture of the Economy” report.

The main drivers of economic growth in 2018 were construction and industry (0.6 and 0.3 percentage points, respectively).

Trade (0.3 percentage points) and transport (0.2 percentage points) also made a positive contribution to GDP growth. At the same time, the deterioration in the quality of agricultural crops and the weak increase in livestock numbers had a negative impact on the contribution of agriculture.

Almost 0.8 percentage points of GDP growth was provided by the services sector.

In 2017, economic growth in Russia was 1.6%.

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