Putin: Russia's GDP to add at least 3.5% in 2023 - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Putin: Russia's GDP to add at least 3.5% in 2023

MOSCOW, Dec 7 (PRIME) -- Russia's gross domestic product (GDP) will expand by at least 3.5% in 2023, which is a good figure, President Vladimir Putin said at the forum Russia Calling! on Thursday.

"RussiaТs GDP rose by 3.2% in the first 10 months of the year, it is higher now than before the sanctions attack by the West. We expect it is very likely that at the end of the year the GDP will add at least 3.5%, at least we all count on that. Everyone here is well educated, donТt you agree that this is a good figure for the Russian economy," the president said.

The federal budget deficit, estimated at 878 billion rubles in JanuaryЦNovember, is fully financed from own sources, the first time in a long time, Putin said. Local lending sources have replaced the external market, he added.

Real salaries have increased by 7%, while the real disposable income by 4.4% "as of now," Putin said.

The Russian business behaved extremely responsibly in conditions of the sanctions by keeping the staff, creating new logistic chains, launching consumer projects in Russia, including in the high-tech sector and tourism, and occupying the niches left by Western companies, the president said.

Russia is actively exploring its own market, which is bringing about positive results.

The key rate of the central bank is a matter of debate, but the figures the president mentioned demonstrate that in general, the right direction of development was chosen, Putin said. The central bank and the government are discussing steps against mortgage market overheating, he said.

Russia stands for a truly democratic model of the global economy development, Putin said.

"It is us who want to create a new model, a really democratic one, where fair competition between all participants of the economic activities wins," he said.

End

07.12.2023 15:46
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 100.4425 +0.5457 23 feb
USD 92.7519 +0.3132 23 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3142.30 +0.09 18:51 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.12 -0.33 23:50 22 feb
lkoh 6990.50 0.00 23:50 22 feb
rosn 562.35 0.00 23:50 22 feb
sber 284.77 +0.98 23:50 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 100.0350 +0.2775 14:59 22 feb
USDTD 95.9875 +3.6575 17:44 22 feb