This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/532752-putin-russia-economy-pre-pandemic-level/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Russian economy ‘practically restored’ to pre-pandemic level – President Putin | Russian economy ‘practically restored’ to pre-pandemic level – President Putin |
| (4 days later) | |
| The Russian economy is nearing its pre-Covid-19 pandemic level, President Vladimir Putin said on Sunday at a meeting with representatives of the United Russia party. | The Russian economy is nearing its pre-Covid-19 pandemic level, President Vladimir Putin said on Sunday at a meeting with representatives of the United Russia party. |
| “Practically, with the exception of some things that specialists should pay attention to, [Russia’s economy] has generally been restored to the pre-crisis level,” Putin stated. | “Practically, with the exception of some things that specialists should pay attention to, [Russia’s economy] has generally been restored to the pre-crisis level,” Putin stated. |
| The head of state noted, however, that inflation in the country currently amounts to 6.5%, which exceeds the target goal for the indicator of 4%. According to Putin, Russian authorities are taking “adequate” measures to return inflation to the planned level. | The head of state noted, however, that inflation in the country currently amounts to 6.5%, which exceeds the target goal for the indicator of 4%. According to Putin, Russian authorities are taking “adequate” measures to return inflation to the planned level. |
| “The government and the central bank are taking all necessary steps to reduce inflation parameters. They have been tasked to return inflationary processes to the framework that would correspond to the level and plans for the development of our economy and social sphere,” the president said. | “The government and the central bank are taking all necessary steps to reduce inflation parameters. They have been tasked to return inflationary processes to the framework that would correspond to the level and plans for the development of our economy and social sphere,” the president said. |
| Putin said he believes the best way to return the country’s economy to its pre-crisis course is to fight the pandemic, which can be achieved through vaccination. | Putin said he believes the best way to return the country’s economy to its pre-crisis course is to fight the pandemic, which can be achieved through vaccination. |
| “Of course, the so-called lockdowns, that is, the shutdown of enterprises’ activities, caused great damage to the economy and real incomes of citizens. In this regard, we need to do everything to overcome the pandemic. And the best tool in this fight is vaccination,” he stressed. | “Of course, the so-called lockdowns, that is, the shutdown of enterprises’ activities, caused great damage to the economy and real incomes of citizens. In this regard, we need to do everything to overcome the pandemic. And the best tool in this fight is vaccination,” he stressed. |
| Putin said the current vaccination program will continue, and its outcome “will be reflected in the economy, in real production, in workplaces, in the workload of enterprises, and in the incomes of citizens.” | Putin said the current vaccination program will continue, and its outcome “will be reflected in the economy, in real production, in workplaces, in the workload of enterprises, and in the incomes of citizens.” |
| “Ultimately, income depends on the efficiency of the economy, on its renewal, its modernization, on the implementation of those plans that have been outlined and will be implemented in the near future, in the medium and long term,” the president concluded. | “Ultimately, income depends on the efficiency of the economy, on its renewal, its modernization, on the implementation of those plans that have been outlined and will be implemented in the near future, in the medium and long term,” the president concluded. |
| Earlier this month, Russia’s Economy Ministry set the inflation outlook for the year at 5%. The Finance Ministry, however, stated that inflation may well exceed these expectations, as did the Russian central bank, which recently projected the indicator to reach as high as 6.2% by the end of 2021. Consumer prices in the country have already seen a 4.6% increase from January to July this year. Inflation in Russia in 2020 was 4.9%, according to Russia’s statistics agency Rosstat. | Earlier this month, Russia’s Economy Ministry set the inflation outlook for the year at 5%. The Finance Ministry, however, stated that inflation may well exceed these expectations, as did the Russian central bank, which recently projected the indicator to reach as high as 6.2% by the end of 2021. Consumer prices in the country have already seen a 4.6% increase from January to July this year. Inflation in Russia in 2020 was 4.9%, according to Russia’s statistics agency Rosstat. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |