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Putin: Russian economy overcomes stagnation

Photo: bezformata.ru

Russia’s economy has overcome the economic crisis, Russian President Vladimir Putin says at the Russia Calling! Investment Forum taking place in Moscow.

“Our economy has come through stagnation; the revival in the economy has become sustainable,” Putin said to Russian and foreign investors.

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According to the Russian president, growth ща the industrial output within nine months of the year was 1.8%; inflow of direct foreign investments increased more than twofold (up to $23 bn), growth of real wages was 2.5% within the same period.

According to the Russian Economic Development Ministry forecast, the country’s GDP is expected to grow by a bit more than 2%. However, this is not enough to fulfill the task posed by the president in his last-year address to the Federal Assembly: to achieve growth higher than the global average rate.

Permalink: eadaily.com/en/news/2017/10/24/putin-russian-economy-overcomes-stagnation
Published on October 24th, 2017 02:13 PM
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