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Russia GDP growth jumps in February

Russia’s gross domestic product grew by 2.9% year-on-year in February 2020, accelerating from an upwardly revised 1.7% expansion in the previous month, Trading Economics reported.

The Bank of Russia, central bank of the Russian Federation. Photo by HANK50/

Citing data released by Russia’s Ministry of Economic Development, Trading Economics said it was Russiaʼs highest monthly GDP growth since June 2016.

The figures were boosted by industrial production (3.3%), retail sales (4.7%) and construction output (2.3%), Trading Economics added.