Russia Overcomes Recession
World Economy

Russia Overcomes Recession

The national economy is growing and creating a base for future national development, Russian President Vladimir Putin said on Thursday, Tass reported. “While GDP rose by 0.5% in the first quarter, economy growth rate was 2.5% already in the second quarter and investments rose by 6.3%,” the president said. “This has become the highest value from the second quarter of 2012. This is definitely a good foundation for future development,” Putin said. The economic growth rate was 2.5% in Q2, he added. Inflation in Russia is at an all-time low level below 4%, Putin said. Industrial output rose by almost 2%. “Despite the known restrictions, including external ones, the Russian economy is stabilizing,” he said. “Clearly it has overcome the recession and picks up steam.” It is important to keep positive trends in the national economy against a threat of preserved and toughened external restrictions, the president said.

Short URL : https://goo.gl/d5S6Ha
  1. https://goo.gl/eBL1Ws
  • https://goo.gl/XzJAU9
  • https://goo.gl/S6u4ZH
  • https://goo.gl/h9VN6P
  • https://goo.gl/VQdqiz

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Add new comment

Read our comment policy before posting your viewpoints