Putin noted that the stabilization of the Russian economy

The situation in the Russian economy stabilized. As reported TASS, during the meeting of the G20 in China, said President Vladimir Putin.

“As for our country, we evaluate our efforts as inadequate and modest. We have kept reserves. Compared to the previous year the outflow of capital has decreased in five times, inflation reduced in half, the budget deficit of 2,6%,” — said the head of state.

Putin also pointed to low unemployment and little foreign debt. He added, Russia has recorded growth in industrial production and other indicators.

“We plan to continue to reduce the budget deficit to continue to reduce the dependence of budget revenues from hydrocarbon exports. To continue a balanced policy to ensure macroeconomic stability. Continue the implementation and improving the business climate”, — said the Russian leader.

The Great twenty summit will be held from 4 to 5 September in Chinese Hangzhou. The main theme was “Building an innovative, healthy, interconnected and inclusive world economy.”

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