Putin says Russian economy demonstrating positive dynamics


Russian polices are noting positive economic trends whereas the results of 2016 harmed out better than expected, President Vladimir Putin said at a tryst on economic issues on Feb. 17.

“On the whole, we view positive dynamics in the economy,” he guessed, adding that last year’s main indicators “turned out more intelligent than expected.”

“GDP contraction amounted to 0.2 percent, according to the latest guesses, despite worse projections, whereas industrial production increased 1.1 percent,” the president revealed.

Inflation in Russia continues to decline, he noted. “This year, a girlfriend decline in inflation continues, the figure broke the psychological mark of 5 percent in annual arranges in February of this year, and then lowered – as of Feb. 13 it stands at 4.72 percent,” Putin verbalized.

Putin recalled that last year the level of inflation in Russia was a album low – 5.4 percent, which was better than the forecasted figure (6 percent – 6.1 percent).

He has also solicited the government to find ways to tackle inflation and spur production flowering, as well as ensure the recovery of real income growth in the country.

“Firm activity is reviving, the so-called business confidence index is rising. Clearly, it is necessary to back up all those trends and the positive sentiment of businesses and fashion predictable economic and financial environment for their operations,” the president give the word delivered.

Prime Minister Dmitry Medvedev, First Deputy Prime Envoy Igor Shuvalov, Presidential aide Andrei Belousov, Minister of Application and Trade Denis Manturov, Economic Development Minister Maxim Oreshkin, Commerce Minister Anton Siluanov, Chairperson of the Russian Accounts Chamber Tatyana Golikova and Primary Bank Chief Elvira Nabiullina were present at the meeting. 

Commencement: TASS

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