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Russian President Vladimir Putin praised the efficiency of the Russian economic system, and famous that Russia’s gross home product grew within the first quarter of this 12 months by 5.4%.
The Russian President’s assertion got here throughout his assembly with representatives of the media in Petersburg as a part of the actions of the Petersburg Worldwide Financial Discussion board, which is being held today within the Russian metropolis.
The Russian President mentioned: “Within the first quarter of this 12 months, the Russian economic system grew by 5.4%.”
Earlier this 12 months, worldwide establishments improved their expectations for the efficiency of the Russian economic system after they’d anticipated its collapse as a result of unprecedented restrictions and sanctions imposed by the West.
The World Financial institution expects Russia’s GDP to develop this 12 months by 2.2%, whereas the Worldwide Financial Fund expects it to develop by 3.2%.
From June 5 to eight, the Russian metropolis of Petersburg will host the Petersburg Worldwide Financial Discussion board, which is an efficient platform for exchanging opinions and experiences between policymakers, officers, and representatives of the enterprise sector from varied nations of the world. The occasion discusses the primary financial points and challenges going through Russia and rising markets. And the world as an entire.