In the coming years, Russia may surpass Japan in the ranking of the world’s largest economies. This was stated by the Minister of Economic Development of the Russian Federation Maxim Reshetnikov. RIA News.
The minister explained that Russia is currently among the five largest economies in the world in terms of purchasing power in the World Bank rankings. China tops the list, followed by the USA, India and Japan.
“In the medium term, within 3-4 years, we have the capacity to surpass the Japanese economy in terms of size,” Reshetnikov said at the meeting with the Russian President’s Cabinet members.
According to him, the Japanese economy is currently growing at 1 percent per year, Russia expects 2 percent growth, and since the difference in the ranking is small, the Russian Federation may become the fourth economy in the foreseeable future, he said. World in terms of purchasing power
January 17 Putin accepted GDP growth is above 3.5% by the end of 2023.
On January 14, the Russian President announced that the country was developing in all aspects, including economy.
Russian economy before reputed one of the world’s leading ones.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.