Home / International / World Tools: Save | Print | E-mail | Most Read | Comment
Russia's economic performance 'good': Putin
Adjust font size:

Russian Prime Minister Vladimir Putin said Thursday that the country's economic performance in 2008 is "good" despite the global financial meltdown.

Russia's gross domestic product (GDP) growth would be 6.8-6.9 percent this year, Putin said in a televised question-and-answer session.

"In general, the results for the year are good, despite the negative impact of the global financial crisis on the Russian economy," he said.

The government previously had expected the GDP to grow 7.5 percent in 2008, but an overall growth rate of 6.8-6.9 percent is still good, Putin said.

The premier also forecast that Russia's inflation would be 13 percent this year.

"It's true there are problems related to inflation," Putin said.

The high inflation is partly because of the global financial crisis and the fact that the Central Bank and the Finance Ministry were forced to inject a large amount of liquidity into the economy, he said.

"We have a strong chance of living through this difficult period with minimum possible losses for the economy and citizens," he said.

However, the premier said the nation should brace itself for a difficult period.

"We must be prepared morally, organizationally, financially and even politically," he said.

(Xinhua News Agency December 4, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies