Real wages have shown double-digit growth for the first time since 2018, Vladimir Putin says
Russia is expected to demonstrate at least 2% GDP growth this year, alleviating the shrinking it experienced in 2022, President Vladimir Putin has said. Moreover, the real wages of the country’s citizens have recently seen double-digit growth, he said.
The president made the remarks on Tuesday during a meeting with top officials to discuss the country’s economy and issues it has been facing. Sectors such as manufacturing, retail, and construction have been demonstrating steady growth lately, Putin stated.
“Growth in these sectors, as well as a whole range of measures to support the economy, has had a positive effect on the state of the labor market,” he said.
“Unemployment rates are declining – now it is 3.2%. At the same time, real wages grew at double-digit rates for the first time since 2018 – for instance, by more than 10% in April,” he…
