Putin spoke about a new phase of growth in the Russian economy
In the economy of Russia began a new phase of growth, the inflow of investment exceeds GDP growth, said President Vladimir Putin at the SPIEF-2017. These positive trends should be encouraged to at the turn of 2020 to reach a higher rate of economic growth above the world, he said.
In the economy of Russia began a new phase of growth, the inflow of investment exceeds the growth of GDP. On Friday, June 2, said Russian President Vladimir Putin, reports RIA Novosti.
According to him, Russia’s GDP has increased for the third consecutive quarter. According to preliminary data, in April, it increased 1.4 percent. “Increase car sales, the volume of mortgage loans. Specialists think these indicators are important signs of economic recovery and rise in consumer demand,” the President said during a speech at the St. Petersburg international economic forum.
At the same time, the inflow of foreign direct investment in the economy in the first quarter amounted to seven billion dollars, which is the best indicator for the last three years, said Putin.
In General, the investments in the first quarter rose 2.3 percent. Thus, today, a situation where the investment growth exceeds the growth of GDP. This is another evidence of what I have said. The economy is entering a new growth phase, forming the floor for its future development.Mr Putinprime of the Russian Federation
These positive trends should be supported and accelerated so that at the turn of 2020 to reach a higher rate of economic growth above the world, Putin said.
Earlier, on June 2, Finance Minister Anton Siluanov said that Russia in the next two years, difficult times are ahead, and budget expenditures can be increased only after 2019.
According to the head of the Ministry Maxim Oreshkin, the economic situation in the first quarter gives reason to expect the growth of Russia’s GDP in 2017, two percent.
17 may, Rosstat reported that Russia’s GDP in the first quarter of 2017 increased in comparison with the corresponding period of last year by 0.5 percent.