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NEWS

Russian GDP grew by 4.6 percent in first half of the year

Moscow, Aug 26 (Prensa Latina) Russia's Gross Domestic Product (GDP) grew by 4.6 percent in the first six months of this year, President Vladimir Putin said today at a meeting devoted to the economy.

The nation’s economy continues to grow, as it did last year, at a good and high pace, while unemployment remains at a historic low of 2.4 percent, the Russian leader said, according to the Kremlin press service on Monday.

Regarding the monetary policy to curb inflation, the Russian Bank has modified the interest rate and regulated the bank loans market, he said.

In Putin’s words, experts have agreed that the current economic situation in the country stimulates demand and contributes to the growth of inflation, making it necessary to increase coordination of actions of the government and the Central Bank to contain it.

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