Russian finance minister admits GDP growth at over 3% in 2023
"We see that sanctions that started to be imposed in 2014, have resulted in our own food safety," Anton Siluanov added.
Russia’s GDP growth may exceed 3% this year, Finance Minister Anton Siluanov said.
"This year’s economic growth dynamics is expected at 3%, probably even higher," he told a forum.
Russia pursues responsible economic policy, the minister said. "We see that sanctions that started to be imposed in 2014, have resulted in our own food safety. <…> Our economic independency is a condition, and we will invest in it," he stressed.
Chief Economist of VEB.RF Andrey Klepach said earlier that Russia’s GDP growth might reach 3.2-3.3% by the end of this year, with households’ real earnings possibly rising by 5%.
Russia’s Economic Development Ministry upgraded its GDP growth outlook for January-September 2023 from 2.8% to 2.9%, saying that the economy is backed by mounting consumer activity triggered by flexibility of the domestic labor market and growth of real money income of households.
Source
Russia’s GDP growth may exceed 3% this year, Finance Minister Anton Siluanov said.
"This year’s economic growth dynamics is expected at 3%, probably even higher," he told a forum.
Russia pursues responsible economic policy, the minister said. "We see that sanctions that started to be imposed in 2014, have resulted in our own food safety. <…> Our economic independency is a condition, and we will invest in it," he stressed.
Chief Economist of VEB.RF Andrey Klepach said earlier that Russia’s GDP growth might reach 3.2-3.3% by the end of this year, with households’ real earnings possibly rising by 5%.
Russia’s Economic Development Ministry upgraded its GDP growth outlook for January-September 2023 from 2.8% to 2.9%, saying that the economy is backed by mounting consumer activity triggered by flexibility of the domestic labor market and growth of real money income of households.
Source