Russian economic system stabilizes with possible annual inflation of 12%, according to Putin

Moscow, Sep 12 (EFE) .- The Russian economic system has withstood the strain of Western sanctions and shows signs of stabilization and even increase, with a discount in inflation tiers that might drop to 12% consistent with 12 months, the president declared nowadays. Russian, Vladimir Putin, in a assembly with the Russian Government.

According to Putin, Russia fast controlled to stabilize inflation, even though it reached a peak of 17.Eight% in April, by means of September 5 it had dropped to fourteen.1%.

"Russia overcomes outside pressure, monetary and technological aggression at the part of a few nations. The tactic of monetary 'unexpected loss of life', of attack, which they opted for, did no longer paintings, that is obtrusive to absolutely everyone, and to them too "stated the Russian president.

Therefore, he indicated, the tendency to lessen inflation will keep. The Russian president said that the economic discount in July turned into barely zero.Five% in its annual expression, after a fall of two.4% in June, at the same time as inside the production sphere an increase of 6.6 became found % in July.

"Overall the drop in GDP in July slowed to four.Three%. I will don't forget that a month earlier the estimates had been 4.Nine%," he added. Despite this, he warned that "the quantity of human beings at risk of being fired is developing."

"I need to draw interest to the truth that there are almost 234,000 employees on forced vacations or with incomplete operating hours. That is two times as many as at the beginning of the yr," he said, calling on the authorities to "devote due attention to these local troubles and discover powerful solutions".