Russia Macro Monthly November 2017

Summary:

Economic advance continues. The economic recovery continues to strngthen and expand, albeit modestly.  September GDP rose 2.4% YoY, bringing the growth for 9M17 to 1.8% YoY. The agriculture sector is a big driver, recording 8.5% growth in September (+4.7% YoY in 9M). There is also a stronger-than-expected recovery in retail sales.

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