Overchuk pointed to the stable growth of the Russian economy
The Russian economy is showing steady growth, which is also supported by integration with major trading partners and successful import substitution. This was announced on April 24 by Deputy Prime Minister of Russia Alexei Overchuk during a meeting in Washington as part of a session of the governing bodies of the International Monetary Fund (IMF) and the World Bank (WB).
"The Russian economy continues to show stable growth, supported by strong consumer demand, a favorable business environment, increased economic integration with major trading partners and successful import substitution," TASS quoted him as saying.
Overchuk noted that Russia's GDP reached 4.1% last year, and the growth forecast for the current year is 2.5%. It is specified that the incomes of Russian citizens have increased by 8.4% in 2024, and the number of people living below the poverty line has decreased by 1.7 million people.
Overchuk also noted that the development and integration with the Eurasian Economic Union (EAEU) will contribute to the expansion of new opportunities for the private sector of the Russian economy.
"We strive to achieve long—term success in the field of digital innovation and sustainable domestic production through capacity development, accelerated technological development and increased investment in human capital," he said.
On April 24, Russian President Vladimir Putin announced that in January-February of this year, Russia's GDP grew by 1.9%. The Head of State stated the need to maintain stable economic growth rates while reducing inflation and low unemployment.
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