The Russian economy showed high growth rates – 4.1%.
The growth was ensured, on the one hand, by an increase in consumer and investment demand, and on the other, by the flexibility of the labor market, increased productivity, and decreased unemployment.
The growth drivers were the manufacturing industry, construction, trade, and IT.
This year, the Government is solving three main blocks of tasks:
ensuring macro stability
mitigating risks in individual industries
building up the potential of the economy.
The growth points of the economy are:
- investment inflow
- regional development
- labor market development
- technological development
- removal of infrastructure restrictions in transport, logistics, and energy
- foreign economic activity.
The President of the Russian Federation instructed to increase the rate of investment by 60% by 2030. To this end, the limits of the Project Finance Factory instrument have been increased, and the procedure for reimbursing expenses within the framework of the SPPC has been simplified for businesses.
More details about this in the post and in the materials for the final Collegium.
