13 Nov 2017 10:18

Russia's GDP growth to exceed 2% in 2017 - Medvedev

MANILA. Nov 13 (Interfax) - The Russian government is expecting 2017's GDP growth to exceed 2%, Russian Prime Minister Dmitry Medvedev said at a session of the ASEAN Business and Investment Summit 2017 (ABIS 2017).

"We saw positive changes both last and this year, and our recovery growth has been rather good. We are expecting the Russian GDP to increase by more than 2% this year," Medvedev said.

"What is the essence of this economic policy? First of all, we have provided anti-crisis support to promising areas and the banking sector. Some support measures are still in effect, in addition to the floating exchange rate and inflation targeting," he said.