President Vladimir Putin during the annual major press conference compared the fall in the Russian economy with other countries. The broadcast of the event is conducted by Youtube-channel “Russia 24”.
“Our economy, faced with coronavirus infection challenges and necessary forced restrictions in this regard in the economy, and in the social sphere, after all, turned out to be more mobilized and ready for shocks than many leading world economies,” said the head of state .
“The level of decay of the economy was three percent, which is much lower than in many leading economies in the world. And we have restored much faster than other countries,” Putin added.
According to him, GDP growth is expected at 4.5 percent, industrial production – five percent of the manufacturing industry – 5.2 percent. At the same time, the rate of crop decreased slightly due to weather conditions, but they will still give Russia the opportunity to ensure their population and export collected.