MOSCOW, October 28 (.) – Russia’s economy will grow by 3.9% in 2024, Kremlin chief Vladimir Putin reported this Monday at a meeting with the government, in which he said the country’s economic growth will be as follows: emphasized. It will exceed the world average.
“By the end of the year, this indicator is expected to reach 3.9%, higher than the world average. According to estimates from the International Monetary Fund (IMF), global gross domestic product (GDP) is expected to grow” 2024 In 2020 it will be 3.2%,” he explained at a conference broadcast on Russian public television.
President Putin emphasized the fact that “Although the trend in GDP in the third quarter of this year has slowed down somewhat, the Russian economy is still growing.” According to data from the Ministry of Economic Development for the period from January to August, GDP increased by 4.2%. ”
He also commented on the high interest rates imposed by central banks, which reached a record level of 21% last week. Experts say they are likely to continue to grow.
“Despite the high interest rates in the economy, the corporate credit sector continues to grow despite everything and even at a good pace,” he said.
Of course, he acknowledged that “the economy continues to face challenges and imbalances.”
“These are caused above all by the complex situation of strengthening our industrial, agricultural and financial potential. “Both structural limitations,” he pointed out. .
In his opinion, all these factors are “reflected in consumer price trends.”
The International Monetary Fund (IMF) last week raised Russia’s growth forecast by four-tenths to 3.6% in 2024, warning of “overheating” in the Russian economy despite international sanctions over the Ukraine war. .
