The economy continues to grow moderately in the third quarter of 2026. This follows from the statement of Elvira Nabiullina, according to the Central Bank.
Consumption growth slowed down slightly in July, but remained high. Investment activity is gradually recovering after the weak dynamics in the first quarter.
Labor market tensions are gradually easing. The share of enterprises experiencing a shortage of personnel is decreasing. The growth rate of wages decreased slightly. But labor productivity growth is still lagging significantly.
