The nation’s GDP has continued to grow despite Western pressure, the president said
Russian President Vladimir Putin lauded the country’s macroeconomic stability as its major competitive advantage and an effective driver for growth at a plenary meeting of the St. Petersburg International Economic Forum (SPIEF) on Friday. According to the Russian president, the government’s responsible and balanced economic policy has made it possible to counter the outside pressure.
Positive economic outlook
The Russian economy has continued to grow, with GDP rising by 3.3% in April of this year, the president said. Positive dynamics were also projected for the future, with the country’s overall economic growth expected to reach 2% this year.
The government will continue working to reduce inflation, which at 2.2% is already close to a historic low. The figure is lower than in many Western countries, the Russian leader noted.
Unemployment in Russia is also at…
