Vladimir Putin noted industrial production growth in Russia

17 February 2017, Friday

Russia’s President Vladimir Putin held a meeting on the current economic situation in the country. The discussion was attended by Russian Minister of Industry and Trade Denis Manturov.

 

In his speech, the President noted the positive trends in the Russian economy and the growth of industrial production. “Almost all key indicators for 2016 are already available, showing us that last year’s results exceeded our expectations”, - said Vladimir Putin. “According to the latest figures, GDP declined by 0.2 percent, which is better than we initially expected, while industrial output increased by 1.1 percent.”

 

He added that inflation hit record-low levels last year at just 5.4 percent, and this year, inflation continues to decelerate.

 

In addition, according to Vladimir Putin, business activity is also recovering, and the business confidence index is on the rise.

 

Russian Ministry of Industry and Trade

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