Russia economy puts on speed

Growth in the first four months of 2017 higher than expected

Russian President Putin met with Russian Prime Minister Medvedev on 19th May 2017, the subject of their discussion being the state of the Russian economy.

Medvedev was able to report to Putin that the pace of Russia’s economic recovery is starting to accelerate.  GDP is believed to have grown by 0.5% since the start of the year whilst industrial production grew 0.7%.

Growth is expected to accelerate further over the coming months, with forecasts for the overall rate of growth this year extending from the IMF’s 1.4% all the way to 2% forecast by some members of the government.

The key factor holding back the speed of the recovery remains Russia’s high real interest rates, still by a considerable margin the highest of any G20 economy.  With inflation now running at the Central Bank’s target of 4% there is finally scope to reduce interest rates.  However the Central Bank is saying it will only do so gradually.

As interest rates decline growth should nonetheless start to pick up, with Medvedev already claiming that investment in the economy is finally increasing, which if true should pave the way for faster growth in the future.

0 0 vote
Article Rating
Help us grow. Support The Duran on Patreon!


The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Notify of
Newest Most Voted
Inline Feedbacks
View all comments
home and family crafts
May 27, 2017

Great work! This is the type of information that should be shared across the internet. Disgrace on Google for now not positioning this post higher! Come on over and visit my site . Thank you =)

institut de massage lyon
May 27, 2017

Hiya! Quick question that’s completely off
topic. Do you know how to make your site mobile friendly?
My weblog looks weird when viewing from my iphone. I’m trying to find a template or
plugin that might be able to resolve this problem. If you have any suggestions, please share.
With thanks!

digital slr camera
May 27, 2017

Wow, this paragraph is nice, my younger sister is analyzing such things, thus I am going to inform her.

health plan
May 28, 2017

Hi there I am so excited I found your webpage, I really found you by mistake, while I was searching on Bing for something else, Anyways I am here now and would just like to say cheers for a marvelous post and a all round interesting blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent jo.|

job posting sites
May 29, 2017

Hurrah! In the end I got a website from where I be capable of actually obtain valuable data regarding my study and knowledge.

360 frontal
June 1, 2017

Really awesome 360 frontal for the winter! They continue to keep me fashion and toasty!

Trump to Lavrov: Comey is ‘a nut job’

Russian car production up 22%