by the end of 2023, GDP growth will be 3.5% – Kommersant
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Finance Minister Anton Siluanov predicted GDP growth for the current year at 3.5%. According to him, the department expects a positive trend in 2024.
“The past year was a period of serious decisions and selection of priorities. We supported the people and the main sectors of the economy that ensured the employment of citizens and the technological independence of the country. It worked,” he said in an interview. “Izvestia”.
He also noted that the task now is to ensure macroeconomic stability, control over inflation, budget expenditures, and also “concentrate resources on key tasks.” “We need to make sure that the population feels less about the restrictions introduced, and business understands that the state will help in a difficult situation,” said Mr. Siluanov, noting that the budget for 2024-2026 meets “all these requirements.”
According to Rosstat materials, according to the results of nine months of 2023, Russia’s GDP grew by 3%, in the third quarter – by 5.5% compared to the same period last year. In September, the Ministry of Economy predicted GDP growth in 2023 by 2.8%. The head of the department, Maxim Reshetnikov, said in early December that growth would be higher than this estimate and amount to 3.5%. President Vladimir Putin made the same assessment in early December.
Read more about Russia’s GDP forecasts in the Kommersant article. “Prospects are outlined for the economy”.
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