Deputy Chairman of the Board of Sberbank, Alexander Lamunts, announced the possible growth of gross domestic product (GDP) on a record for many years 4.2-4.3 percent. His words lead RIA Novosti.
GDP growth rates predicted by Sberbank will become maximum since 2012.
“Now, apparently, the peak of the third wave in Russia was passed. Restrictions are weakened, and it contributes to the growth of consumer spending,” Lamunts said.
He noted that the forecast for an increase in the economy is based on the dynamics of consumer demand. Currently, the structure of consumption is becoming more like a pre-crisis, and the services sector has already returned to sustainable growth in nominal terms. At the same time, we are still talking about recovery after a strong fall last year.
August 13 Rosstat reported that in the second quarter of the year, the growth of Russia’s GDP amounted to 10.3 percent at the annual level. In terms of economic growth, the country overtook the United States, where in April-June, GDP rose by 6.5 percent.