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.

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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.

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“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)