PM Medvedev expects Russia's GDP to grow by 1.3-1.5% in 2019

5 December 2019, Thursday

Russia's GDP growth this year may reach 1.3-1.5%, Prime Minister Dmitry Medvedev said in an interview with the Russian television channels.

"This year, our economy has developed, but not at such a significant pace as we would like. The maximum growth that we expect can be from 1.3% to 1.5%," he said.

Medvedev described the outgoing year as "stable for the economy and social sector of Russia."

"In general, our economy and social sector this year were doing quite fine this year, they were stable - and this is most important, given the fact that we remember different years and different issues that emerged one way or another," he said.

"We hope that as a result of the measures that we have taken, and a number of new measures, we will achieve steady and higher growth rates. Let me recall you, that under a well-known decree of the president and in compliance with national goals, we must grow as the world economy grows - by about 3% per year. This is quite feasible," the prime minister stressed.

SUBSCRIBE FOR NEWS
All content on this site is licensed under
Creative Commons Attribution 4.0 International