Investing.com UK - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Putin says Russia's economic growth will exceed 3% in 2023

Published 17/11/2023, 16:09
© Reuters. FILE PHOTO: Russian President Vladimir Putin attends a meeting with representatives of business, officials and other participants of the 8th Eastern Economic Forum via a video link in Vladivostok, Russia, September 12, 2023. Sputnik/Mikhail Metzel/Pool vi

MOSCOW (Reuters) - President Vladimir Putin said on Friday that Russia's economic growth was set to exceed 3% this year, slightly better than previous official forecasts.

Russia's economy shrank 2.1% in 2022, as the West imposed sweeping sanctions against Russia over conflict in Ukraine.

© Reuters. FILE PHOTO: Russian President Vladimir Putin attends a meeting with representatives of business, officials and other participants of the 8th Eastern Economic Forum via a video link in Vladivostok, Russia, September 12, 2023. Sputnik/Mikhail Metzel/Pool via REUTERS/File photo

"We carefully said this all the time: it will be 2.7%, 2.5%, 2.8%. Now we confidently say: it will be over 3%," Putin told a cultural forum in St Petersburg.

Last month the central bank estimated 2023 GDP growth at 2.2-2.7%.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.