Putin will offer new solutions in the economy, taking into account the “tectonic changes” in the world
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President Vladimir Putin said that the decline in gross domestic product (GDP) by the end of 2022 will be about 2.5%. According to him, new solutions are needed to support the Russian economy, taking into account “tectonic changes” in the world.
“According to the results of the year, a decrease in GDP is predicted — indeed, a decrease, I have already spoken about this publicly — by about 2.5%,”— declared Mr Putin at a meeting of the Council for Strategic Development and National Projects via videoconference. He recalled that earlier it was about 2.9%.
“Yes, this, of course, is also a decline, but this is not the collapse of 20% that was predicted by many Western and, frankly, partly by some of our experts at the moment when the collective West fell upon us with an economic war,” he also said. the president. In the third quarter, economic dynamics showed a slight increase after a decline in the second quarter, Vladimir Putin said.
In 2023, new solutions will be proposed that will allow the country to develop against the backdrop of serious tectonic changes that the world is going through, Mr. Putin said, opening the meeting of the council. “I consider it necessary to identify a number of the most important tasks of the state policy for the next 2023, to propose new solutions that will allow us to develop more confidently and, among other things, respond to the challenges that the domestic economy and our citizens as a whole face today, taking into account those serious, noticeable, one might say, tectonic changes that the whole world is experiencing,” he said.
In the third quarter, the poverty rate in the country fell to 10.5%, the president said. “Of course, this is a small movement, but movement in the right direction,” he said. According to him, the incomes of the poorest part of the population increased by 27.8% in nominal terms, which “allowed to reduce the level of inequality a little.”
In the third quarter of the year, Russian GDP decreased by 3.7% in annual terms (the first estimate was 4%) against a decline of 4.1% in the second and growth of 3.5% in the first quarter, Rosstat reported yesterday, December 14. The revision of the estimate for the third quarter is due to new data received from the Central Bank and from the report on the execution of the consolidated budget of the Russian Federation and off-budget funds for January-September.
More details – in the material “Kommersant” “The economy has ‘bounced off the bottom'”.
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