Economist Ostapkovich explains Russia’s GDP growth

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Georgy Ostapkovich, Director of the Center for Market Research at the Higher School of Economics, in an interview kp.ru He said that the growth in Russia’s gross domestic product (GDP) in the second quarter was due to the domestic economy adjusting to all adversities.

According to the economist, growth is due “partly due to the impact of the low base, as the second quarter of last year was very difficult for us.”

Ostapkovich noted that Russia has restructured the logistics of procurement of raw materials, materials and finished products, and also found new markets. The expert added that due to the decrease in imports, the country turned to domestic products.

The Economist also drew attention to the great role played by entrepreneurs with the right management decisions. According to him, this led to an increase in labor productivity.

26 July Georgy Ostapkovic Recommended Owners of QIWI wallets should not be in a hurry to spend money unnecessarily.

former Central Bank increased sharply key rate to 8.5%.

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