"In a nutshell, they are going to discuss how business and the government will develop the plan of the economic growth that should reach a faster rate than the world average by 2020, as well as the medium term program until 2025,” the source told the agency.
President Vladimir Putin in his address to the Federal Assembly charged the government with the task to prepare and adopt a complex plan of actions for 2017-2025 that would provide measures allowing to reach national economy growth rates outrunning world rates no later than 2019-2020.
Russia has been hit by a downturn that began in early 2015 after falling oil prices and Western anti-Russia sanctions took bite. The country's GDP fell 3.7 percent in 2015, according to the Russian Federal Statistics Service Rosstat. In September, the Economic Development Ministry revised its 2016 growth forecast downward from —0.2 percent to —0.6 percent.
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