The Ministry of Economic Development said that Russia's GDP reached the pre-pandemic level in June

“In June, the GDP, according to estimates, reached the pre-pandemic level (+ 0.1% to the IV quarter of 2019, seasonally adjusted).

GDP growth by June 2020 amounted to 8.5% y / y, following the results of the second quarter of 2021 - 10.1% y / y, ”the document says.

It is noted that since April 2021, the annual dynamics of the main macroeconomic indicators is significantly affected by the low base of the corresponding months of last year, thus formed due to quarantine restrictions.

Earlier it was reported that the International Monetary Fund improved its forecast for Russia's GDP growth in 2021 from 3.8% to 4.4%.

In addition, IMF chief economist Gita Gopinath said Russia's economy is recovering from the effects of the pandemic earlier than expected.