Novak pointed to high growth rates of the Russian economy compared to the world average

The growth rate of the Russian economy is significantly higher than the global average. This statement was made on December 11 by Deputy Prime Minister Alexander Novak at the open dialog "100 Questions about the Future of Russia" at the National Center "Russia".

According to him, in recent years, the Russian economy has shown steady development despite sanctions, closure of export markets, disruption of logistics chains and other difficulties. The deputy prime minister noted that the economy will grow by about 12.7% between 2020 and 2024.

"Last year it was 3.6%, this year we expect 3.9%. This is much higher than the average global economic growth rate, and many times higher than the growth rates of developed countries," Novak emphasized.

Business and production: Putin announced full economic recovery in Russia

At the investment forum "Russia Calling!" the president spoke about structural changes in this sphere, the chances of Western business to return and inflation in the country

Earlier, on December 4, Russian President Vladimir Putin said that sooner or later the inflation rate will reach the target of 4%. He noted that the main tool to fight inflation is to ensure sufficient output of goods.

On the same day, the head of state noted that the Russian economy has almost completely adapted to the outflow of foreign investment. Putin pointed to the growth of investment in fixed capital of the Russian Federation and indicated that it was due to the creation of new brands and support for domestic producers.