ロシア経済　前年同期比1.8％のスローペースで縮小　2020Q4

Russia's real GDP declined at the slower pace of 1.8% y/y in Q4 2020 after contracting by 3.5% y/y in Q3. This resulted in a year average fall of 2.95% which despite ending four years of growth was comparatively small due to light lockdown restrictions imposed to contain the COVID-19 pandemic.

Private consumption declined by 5.7% y/y in Q4. Gross fixed capital formation (investment) declined at the slower pace of 2.2% y/y in Q4, but with authorities spending more to support the economy through the crisis government consumption increased by 4.1% y/y. As for foreign trade, goods and services exports declined by 6.5% y/y, and imports by 5.6% y/y.

Read the latest CEIC Leading Indicator (CLI) analysis on Russia and the other seven surveyed regions here.