21:21 GMT +322 July 2019
Listen Live
    Prime Minister Medvedev meets with Russian Academy of Sciences President Fortov and FASO Head Kotyukov

    Russia Needs to Move From 'Stand-by' Economy to Growth - Medvedev

    © Sputnik / Alexander Astafiev
    Get short URL

    According to the Russian prime minister, the country should do a lot in order to move its economy from a “stand-by” level.

    MOSCOW (Sputnik) – Russia’s economy needs to move from a “stand-by” level to considerable growth, Russian Prime Minister Dmitry Medvedev said Tuesday.

    “We have all seen the numbers one way or the other, and even though our results aren’t that bad in certain areas, the economic growth rate unfortunately remains negative. Over the first three months, according to figures from the Economic Development Ministry, the GDP has decreased by 1.4 percent. This is not good, but some positive trends have been noted,” Medvedev said during a meeting with the Economic Development Ministry.

    “We need to do a lot in order to secure these positive moves, launch mechanisms for long-term economic development, and, as they like to say in our ministry, get out of the ‘stand-by’ level and move into considerable growth,” Medvedev said.


    Medvedev: Russian Economy Can Be Stable Without High Oil Revenues
    Russian GDP to Grow by 1-2% in 2017-2019 - PM Medvedev
    Spain's National Debt Exceeds 100% of Country's GDP
    GDP, economy, Dmitry Medvedev, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik