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-ac017d3d3ce25d3405471795d6bb26f0.jpg "Gia Loc needs over 10 billion VND to invest in renovating and expanding landfills.")
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Russia's economy is recovering steadily, with Gross Domestic Product (GDP) growth in the first five months of this year reaching 0.6%. The statement was made by Russian Prime Minister Mikhail Mishustin during a meeting with President Vladimir Putin on July 5.
Prime Minister Mikhail Mishustin speaks in Moscow, Russia
Prime Minister Mishutin stressed that the Russian economy "remains stable and recovering despite sanctions." GDP growth in the first five months of this year was 0.6%. In May alone, GDP increased by 5.4% compared to the same period in 2022.
Regarding inflation, Mr. Mishutin said that the index as of early July was 3.4% and is forecast to not exceed 5% annually. Russia has established a special price monitoring system, primarily for the "food basket", based on information sources including the federal statistical service Rosstat, the tax service, as well as the corresponding analytical centers.
Real wages in the country also increased by 4.2% in the first four months of the year, while Russia's unemployment rate is now at a record low of around 3%.
The Russian Prime Minister said that if there were no sudden, unexpected situations, the country's GDP growth in 2023 could be higher than 2%.
For his part, President Putin said that the current economic situation in Russia is better than previously forecast, showing that the country can complete all set tasks within at least 1 year.
According to VNA
