Putin: the economy may be negatively affected

Russian President Putin assessed the country’s economy in an online meeting with members of the government. Stating that the Russian economy has shown positive dynamics since July last year, Putin said that this has been achieved thanks to the active development of ties with the rapidly growing eastern and southern countries.

“The return to the growth trajectory should not console us, we need to support and strengthen the positive trends of our economy, increase its efficiency, ensure technological, personal and financial sovereignty, and act quickly without causing unnecessary bureaucracy and delays. Because illegitimate restrictions on the Russian economy can really negatively affect it in the medium term.” she used the phrase.

“UNEMPLOYMENT LOW TO RECORD LEVEL”

Emphasizing that the unemployment rate in some regions and settlements in Russia is much higher than the national average and that there are problems with the quality of workplaces in general, Putin said: “Unemployment in Russia is at a record low. , but this does not mean that all the problems in the labor market have already been solved”.

Putin claimed that some workers are working or working part-time at companies where production has fallen, noting that this has a negative impact on wages. “As I said, our actual revenues are increasing on average, but in some regions, in some areas, the situation is not there yet and I expect more active actions here.” he said.

Noting that inflation will fall to 4 percent by the end of March, Putin said the slowdown in inflation will continue, according to some estimates. Putin expressed his hope that an additional 18.5 percent increase in the minimum wage early next year would also contribute to lowering inflation. (AA)