MOSCOW (Reuters) – Russia’s economy is on track to post 4.7% growth in 2021, the largest in 13 years, President Vladimir Putin said on Friday, whose forecasts are more optimistic than those of Russia. Central bank and government.
The Russian economy, very dependent on oil exports, has already returned to its pre-health crisis level linked to the COVID-19 pandemic, after declining 3% in 2020, its sharpest contraction in 11 years.
However, further expansion could face headwinds from rising interest rates and external shocks.
“In 2021, according to our estimates, [la croissance économique] will reach up to 4.7%. Admittedly, it is not the strongest growth in the region, but it is not the weakest. This is a very good result for our economy, “said Vladimir Putin.
If confirmed, such growth would be the strongest since 2008, when Russia’s gross domestic product (GDP) rose 5.2%, before falling 7.8% a year later.
The Ministry of Economy, for its part, forecasts GDP growth of 4.2% for this year, while the Central Bank expects an increase from 4.0% to 4.5%, then a slowdown of 2.0% to 3.0% in 2022.
(Report Darya Korsunskaya, written by Andrey Ostroukh; Diana Mandiá, edited by Sophie Louet)
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