Russian economy surpasses Japan and tops Europe

On December 19, Russian President Vladimir Putin emphasized this when speaking at a year-end press conference that was broadcast live and interacted with the people.

Russia's economic growth in 2024 is expected to reach 4%. (Source: AFP)

"As for the overall economic situation, the situation in Russia is stable, despite external threats and attempts to influence us," Putin stressed.

The President pointed out that international economic and financial organizations have ranked Russia first in Europe in terms of economic size, in terms of purchasing power parity (PPP) and fourth in the world .

"Last year we overtook Germany, and this year we overtook Japan. But this is not a sign for us to rest easy and rest easy. No, of course, everything is developing, everything is moving forward actively," the head of Russia said.

Acknowledging concerns about rapid price increases, President Putin declared: "Inflation is a worrying signal."

However, according to him, the country's economic situation is stable and economic growth in 2024 is expected to reach 4%.

"Unemployment in Russia is at a record low of 2.3%, which has never happened before. In addition, real incomes of people have also increased. Real wages have increased by 9%. This is after deducting inflation. People's disposable income has also increased. In general, the situation is stable and reliable," Mr. Putin said.

Source: https://baoquocte.vn/kinh-te-nga-vuot-nhat-ban-va-dung-dau-chau-au-297986.html