In the second quarter of the year, the growth of the gross domestic product (GDP) of Russia amounted to 10.3 percent at the annual level, the preliminary estimates represented by Rosstat. Thus, in terms of economic growth, the country overtook the USA, where in April-June, GDP rose by 6.5 percent.
explained in the department that statistical indicators for different sectors were used in the calculations. Some of them have marked noticeable growth. Passenger performance increased at once by 250 percent, 30 percent increased the water supply, drainage and waste disposal sector. Retail turnover has become more almost a quarter, 23.5 percent, wholesale increased by 19.8 percent.
At the same time in the previous quarter, according to Rosstat, GDP decreased, which was noted as a whole since the beginning of the pandemic. The growth of indicators partly can be explained by the effect of a low base associated with the coronavirus crisis. Thus, compared with the second quarter of 2019, the index of the physical volume of Russia’s GDP increased by 1.7 percent, refined Rosstat.
At the end of July, the Ministry of Economic Development reported that in June, the country’s economy returned to the Doparamian level of the 9th quarter of 2019. The agency also noted that the real incomes of the population “continued recovery and approached the level of the same quarter of 2019.” Nevertheless, the head of the department Maxim Reshetnikov noted that further development rates are the cause for concern, the recovery growth is already ends.