The situation in the Russian economy is “slowly improving”: GDP will begin to grow next year
The situation in the Russian economy is “slowly improving,” and GDP will begin to grow next year. This was announced today at a meeting of the Federation Council of the Russian Federation by the country's Minister of Economy Alexey Ulyukaev.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
“We have lived this year under the sign of a gradual smoothing out of the economic recession. We ended last year with a 3,7% decline in GDP. The first quarter of this year – minus 1,2%, the second – minus 0,6%, the third – minus 0,4%. Slowly, but the situation is improving. Unfortunately, we will not be able to get out of the recession by the end of the year; it will be 05%,” Ulyukaev said.
At the same time, he said, even based on a “conservative forecast,” the government expects that in 2017 GDP will grow by 1,1%, in 2018 by 1,8%, and in 2019 by 2,4%.
“This is less than the global average growth rate. We must carry out a number of structural and institutional changes to achieve GDP growth of 4%,” Ulyukaev said.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.