https://sputnikglobe.com/20231226/russia-now-europes-largest-economy---presidential-aide-1115816838.html
Russia Now Europe's Largest Economy - Presidential Aide
Russia Now Europe's Largest Economy - Presidential Aide
Sputnik International
Moscow's Federal State Statistics Service (Rosstat) confirmed a robust 5.5% GDP growth for the third quarter in December and upgraded its annual GDP growth estimate for January-September to 3%, up from the previous 2.9%.
2023-12-26T13:37+0000
2023-12-26T13:37+0000
2023-12-26T13:37+0000
russia
russian economy under sanctions
maxim oreshkin
russia
japan
china
european union (eu)
world bank
https://cdn1.img.sputnikglobe.com/img/104425/20/1044252055_0:160:3077:1890_1920x0_80_0_0_66e0401e4ebafc516bf80bcc0cb6362f.jpg
Russia has become the largest economy in Europe, revealed Russian presidential aide Maxim Oreshkin in an interview with Expert magazine.Globally, he also stated that the Russian economy sits just behind Japan in the race for the fourth-largest economy.According to Oreshkin, "the so-called economies of the Global North - the United States, Japan, the EU - are gradually losing their role and importance."According to the World Bank, China emerged as the world's largest economy in purchasing power parity terms in 2022. The United States secured second place, followed by India in third and Japan in fourth. Russia secured fifth place, while Germany remained in sixth.Back in October, the International Monetary Fund (IMF) revised its 2023 GDP growth forecast for Russia to 2.2% growth compared to the earlier prediction of 1.5% in July. However, the outlook for 2024 has been adjusted downward to 1.1% from 1.3%.The IMF noted “mixed effects” of Western sanctions on Russian crude oil exports in its latest World Economic Outlook. Despite sanctions, Russian export flows remained stable, and crude oil continues trading above the $60 price cap imposed by the G7 countries.Earlier, Russian Minister of Economic Development Maxim Reshetnikov hinted at a 3.5% GDP growth in 2023, but the formal forecast of 2,9% remained unchanged. However, Russian President Vladimir Putin was more optimistic and asserted a minimum 3.5% growth by the year's end, surpassing the ministry's official 2.8% forecast for 2023.
https://sputnikglobe.com/20231225/events-of-2023-usher-in-de-facto-start-of-organized-new-economic-order-1115801933.html
https://sputnikglobe.com/20231215/russias-gdp-growth-in-2023-will-exceed-3---central-bank-1115606687.html
russia
japan
china
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
russian presidential aide, maxim oreshkin, russian economy, russian economy growth, russian economy forecast, russian economy news 2023, future of russian economy, russian economy gdp, russian economy growth 2024
russian presidential aide, maxim oreshkin, russian economy, russian economy growth, russian economy forecast, russian economy news 2023, future of russian economy, russian economy gdp, russian economy growth 2024
Russia Now Europe's Largest Economy - Presidential Aide
Moscow's Federal State Statistics Service (Rosstat) confirmed a robust 5.5% GDP growth for the third quarter in December and upgraded its annual GDP growth estimate for January-September to 3%, up from the previous 2.9%.
Russia has become the largest economy in Europe, revealed Russian presidential aide Maxim Oreshkin in an interview with Expert magazine.
Globally, he also stated that the
Russian economy sits just behind Japan in the race for the fourth-largest economy.
According to Oreshkin, "the so-called economies of the Global North - the United States, Japan, the EU - are gradually losing their role and importance."
"China has become the leading economy, Russia is now the largest economy in Europe and is closing in on Japan in the race for fourth rank. Asian economies have moved up significantly in the rankings, with India taking third place, Indonesia moving up to seventh place and poised to challenge Germany's sixth place in the near future," Oreshkin said.
25 December 2023, 15:00 GMT
According to the World Bank, China emerged as the
world's largest economy in purchasing power parity terms in 2022. The United States secured second place, followed by India in third and Japan in fourth. Russia secured fifth place, while Germany remained in sixth.
Back in October, the International Monetary Fund (IMF) revised its 2023 GDP growth forecast for Russia to 2.2% growth compared to the earlier prediction of 1.5% in July. However, the outlook for 2024 has been adjusted downward to 1.1% from 1.3%.
The IMF noted “
mixed effects” of Western sanctions on Russian crude
oil exports in its latest World Economic Outlook. Despite sanctions, Russian export flows remained stable, and crude oil continues trading above the $60 price cap imposed by the G7 countries.
Earlier, Russian Minister of Economic Development Maxim Reshetnikov hinted at a 3.5% GDP growth in 2023, but the formal forecast of 2,9% remained unchanged. However, Russian President Vladimir Putin
was more optimistic and asserted a minimum
3.5% growth by the year's end, surpassing the ministry's official 2.8% forecast for 2023.
15 December 2023, 13:46 GMT
