MOSCOW, December 30 The Russian economy has shown stability, GDP growth by the end of 2023, according to preliminary estimates, will be 3.5%, the minister said economic development of Russia Maxim Reshetnikov.
Rosstat yesterday clarified GDP estimates for 2021 and 2022. In both cases, the figures were significantly revised upward — to +5.9% and -1.2%, respectively.
«Improved estimates are evidence of the stability of the economy and its successful adaptation to sanctions and the post-Covid situation. This confirms our ability to effectively adapt to any shocks» , — said Reshetnikov, quoted by the press service.
According to him, decisions to ensure the sustainability of the economy during the pandemic, implemented by the government, laid the foundation for its flexibility and further development, including growth this year. “As a result, GDP in 2023, according to the Ministry of Economic Development based on statistics for 11 months, will be 3.5%, which is higher than our forecast,” the minister concluded.