Deputy Minister Polina Kryuchkova said that the recovery phase of the Russian economy after the sanctions shock has been completed and it is now actively growing. TASS.
According to the deputy minister, the main drivers of the economy are manufacturing industry, construction and agriculture. Consumer activity is also increasing due to the increase in the real income of the population and the flexibility of the labor market.
“Now that the recovery phase has been completed, the task is to consolidate positive trends and ensure structural restructuring of the economy,” Kryuchkova emphasized.
According to preliminary estimates, GDP grew 5.5% annually in the third quarter, after 4.9% in the second quarter. The deputy minister stated that these indicators forced international organizations to revise their forecasts.
Before this, the European Commission had significantlydeveloped The forecast for Russia’s GDP growth in 2023 has increased to 2% from the previously expected decline of 0.9%. The IMF also recently raised its forecast for Russia’s economic growth next year to 0.3%, after a previously expected decline of 2.3%.
Formerly First Deputy Prime Minister Andrei Belousov stated About the successful breaking of the transport blockade of the Russian Federation.
Source: Gazeta
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