With minimal losses, the Russian economy will overcome the crisis that has arisen due to the coronavirus pandemic, and inflation will reach about 4% in the near future. This was stated by President Vladimir Putin in an interview with the program “Moscow. Kremlin. Putin “on the channel” Russia 1 “.
“Now the year was 3%. Even in today’s conditions, we set ourselves a benchmark of 4%, ”the head of state said, noting that in 1997 inflation was at 11%.
Putin also added that economic reserves have grown 50 times since the 1990s, when Russia was the world’s poorest country.
In May, Rosstat announced the acceleration of annual inflation in April to 3.1% in annual terms (2.5% in March).
Putin said that inflation in Russia does not exceed the previously set framework, and the macroeconomy was managed to be kept in a “working condition”.