Cbank says Russias annual GDP growth rises to 0.51% Apr-Jun - News Archive - 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

Cbank says Russias annual GDP growth rises to 0.51% Apr-Jun

MOSCOW, Jul 30 (PRIME) Russias gross domestic product (GDP) grew to 0.51% in AprilJune, and will speed up to 0.81.3% in JulySeptember thanks to national projects and expanding government investment, the central bank said in a research note on Tuesday.

In June, economic activity advanced, including better consumer demand and industrial production, which, however, may be temporary. Investment activity indicators were still unstable, the regulator said.

In 2018, President Vladimir Putin signed a decree on Russias national goals and strategic development tasks till 2024 in which he ordered the government to ensure the countrys entry into the top five of global economies, a higher than global rise of the national economy, and inflation not exceeding 4%.

Earlier in 2019, the government estimated spending on national projects, including expansion of major infrastructure, environmental protection, healthcare and digital economy, at 25.7 trillion rubles from 2019 through 2024.

(63.5210 rubles U.S. $1)


30.07.2019 15:46
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