Nabiullina's deputy reported on the acceleration of economic growth in Russia

Preliminary data for September, as well as for the third quarter as a whole, suggest that the growth of the Russian economy accelerated in July-September compared to the first half of 2026, said Deputy Chairman of the Central Bank of the Russian Federation Alexey Zabotkin. His comment was posted on the regulator’s social networks.

According to the deputy head of the Central Bank, Elvira Nabiullina, if the final statistics, which will appear at the end of October, do not bring surprises, “it will be possible to state that the rate of economic growth has passed its low point in the first half of the year” and then “will gradually increase.” At the same time, Zabotkin made a reservation that GDP will continue to grow “to the extent that production capabilities expand and productivity increases.”

Taking into account the fact that Russia's GDP grew by 1.3 percent in the second quarter after declining by 0.2 percent in the first, the Ministry of Economic Development announced in August that economic growth in January-June amounted to 0.6 percent, although according to the department's previous estimate, it was an increase of 0.3 percent.

Based on the results of January-July, the government maintained its estimate of Russian economic growth at 0.6 percent.