Putin: to talk about fundamental improvements in the economy too early

The President of Russia Vladimir Putin believes that the situation in the Russian economy has stabilized, but talking about a fundamental improvement yet. The head of state said at a meeting on economic issues.

«The situation has stabilized, while talking about her dramatic improvement while early», — quotes Putin TASS.

The President noted a slight increase in industrial production of 0.3%. «Good pace demonstrates agriculture, the President added. — Plus 3%. I think we have every reason to congratulate the villagers on this result, and congratulate good work.»

As Putin said, unemployment is «relatively low» this year, on average, it amounted to 5.6%.

The Federal budget deficit must be contained within the planned values of — 3.7% of GDP, the President said.

«There are certain risks of its (deficit) increase… we must strive to ensure that within the law to keep the deficit», he said.

The plan was for the deficit to expand by 3.7%, however, as Putin said, there is a risk of increasing it by 0.1-0.2 percentage points.

The President added that inflation would also be able to keep within acceptable limits. According to him, on 7 November, the figure was 4.7%. «Overall, this is a good indicator,» — said the head of state.

In the meeting on economic issues in the Kremlin attended by first Vice-Premier Igor Shuvalov, assistant to the President Andrey Belousov, Minister of industry and trade Denis Manturov, Finance Minister Anton Siluanov and Central Bank Chairman Elvira Nabiullina.

Putin: to talk about fundamental improvements in the economy too early 11.11.2016

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