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Russia's Macroeconomic Indicators in Early 2024 Above Forecasts - Putin

© Sputnik / Alexandr Suhov / Go to the mediabankPeople hold a giant Russian flag during celebrations of the Russia's National Flag Day
People hold a giant Russian flag during celebrations of the Russia's National Flag Day - Sputnik International, 1920, 27.04.2024
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MOSCOW (Sputnik) - Macroeconomic indicators in Russia in the beginning of 2024 turned out to be higher than the forecasts of the government, the Central Bank and experts, Russian President Vladimir Putin said on Saturday.
"Firstly, I will focus on some macroeconomic indicators. I note that the data from the beginning of the year turned out to be higher than the forecasts of the government, Bank of Russia and some experts," Putin said at a meeting on economic issues.

Russia's GDP May Add Over 3% by End of Year

Russia's gross domestic product (GDP) may grow by more than 3% by the end of the year as the current state of the economy allows to improve forecasts of its development, the president pointed out.

"The real current state of the economy allows to improve the forecasts of its development. Already now many experts say that by the end of the current year Russia's GDP may grow by more than 3%," he said.

Participants in festive events at the Grand Sports Arena in Luzhniki in Moscow, dedicated to Russian Flag Day, as part of the Moscow Urban Forum 2023. - Sputnik International, 1920, 25.04.2024
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Putin: Russia Has Myriad Possibilities to Launch New Economic Model
At the same time, Russia's inflation is gradually slowing down amid high rate of manufacturing industry, Putin added.
"At the same time, traditionally, which of course is pleasing, higher rates are demonstrated by the manufacturing industry. Its dynamics in January demonstrated a 7.5% growth, and in February it was already plus 13.5%," Putin noted.
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