Russian President Vladimir Putin praised the performance of the Russian economy during the Corona pandemic, and stressed that the Russian economy succeeded in recovering from the Corona crisis at a faster pace than other countries.
The Russian President’s statement came during his annual press conference, which deals with various topics from economic affairs to various hot international issues. About 500 journalists, including foreigners, will participate in the conference this year.
Putin said that the country’s gross domestic product is expected to grow by 4.5% this year, while inflation is expected to be at 8%, noting that the Russian economy succeeded in recovering from the Corona crisis at a faster pace than other countries.
He added that unemployment rates in Russia have now fallen below their level before the outbreak of the Corona pandemic, and now it is at 4.3%, but by the end of the year it may rise to 4.4%.
He also pointed out that Russia has achieved a record in the construction sector, as nearly 90 million square meters were built this year. Putin described the newly launched infrastructure projects as “huge and unprecedented.”
During his speech, the Russian President gave a positive assessment of the performance of the Russian government during the pandemic, noting that measures were mainly launched to support citizens.
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