Russia’s President Vladimir Putin
The bottom of the crisis in the Russian economy can be considered as passed in 2015, said Russian President Vladimir Putin. The stability of the Russian economy have provided anti-crisis measures of the government
Anti-crisis measures of the government ensure the stability of the Russian economy, the country managed to keep one of the world’s lowest levels of external debt, and the bottom of the crisis can be considered as passed in 2015. This was at the Russia – ASEAN in Sochi Russian President Vladimir Putin
«Low unemployment -. Less than 6%, moderate foreign debt – one of the lowest, and the trade surplus – $ 160 billion in 2015. Actions by the Bank of Russia for the introduction of a flexible exchange rate of the ruble allowed the economy to adapt and maintain a high level of foreign reserves – May 1, it amounted to $ 391 500 000 000 As a result -. And it is recognized by experts – the bottom of the crisis in 2015 can be considered as passed “, – quotes President “RIA Novosti».
A similar opinion was expressed on Friday and Economic Development Minister Alexei Ulyukayev, saying that the Russian economy is not in recession for six months, reports TASS.
«not plus exactly [estimate of GDP in the first quarter with purified season]. It is so close to zero that I do not change its position that, since the third quarter of last year, we are out of recession came, “- said Ulyukayev, responding to a question about whether the country’s economy has entered on its face again in a recession.
The head of the Economic Development Ministry also said that he sees the reasons for the growth of industrial production in Russia in the current year. Minister predicts growth of agricultural production at the level of about 2%, which is 1 percentage point lower than a year earlier. According to the minister, will continue to grow the food and chemical industries.
According to Ulyukayev, the western sanctions, the Russian economy “is completely adapted. “To be honest, right now some macroeconomic effects can not see at all”, – said the Minister
Russia’s GDP in volume terms in the first quarter of 2016, according to Rosstat, decreased compared to the same period last year by 1. 2%, which was better than Ministry of Economic Development’s prediction minus 1.4%. The decline of Russia’s GDP, as previously reported, was 3.7% due to the decline in industrial production by 3.4% in 2015. In the fourth quarter of last year, GDP fell by 3.8% compared with the corresponding period of the previous year.
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