Large-scale combat readiness check kicks off in East SiberiaMilitary & Defense July 24, 11:47
Russia's new advanced corvette to take part in Sea Cup-2017Military & Defense July 24, 10:30
Russian first 3D printed satellite to go into spaceScience & Space July 24, 10:19
Kyrgyzstan was threatened with missiles for hosting US airbase, president saysWorld July 24, 9:56
IMF confirms recovery of Russia's economy in 2017Business & Economy July 24, 8:47
Russian Interior Ministry to control 13 more new psychotropics, drug-containing plantSociety & Culture July 24, 2:54
MAKS-2017 airshow yields contracts to over $6bln - Russian ministry of industry and tradeBusiness & Economy July 23, 23:48
Russian consumer rights watchdog chief names cities with highest HIV ratesSociety & Culture July 23, 21:41
Serbian filmmaker Kustirica says Crimea’s reunification with Russia is natural processSociety & Culture July 23, 21:40
KHABAROVSK, November 11 (Itar-Tass) — Russian President Dmitry Medvedev believes that Russia is capable of successfully passing the second wave of the crisis.
“We sometimes disparagingly treat ourselves, but after all we have the sixth largest economy in the world, and it gives us a chance to survive in the global economic space,” the president said. “Forecasts vary, but in general, our situation is somewhat better than in some European countries,” he said.
According to Medvedev, the GDP growth in Russia this year is expected to be 4 - 4.5 percent, higher than in many countries, inflation is projected at the lowest level in modern Russia’s history - 7 percent. In addition, the industry has been returned to pre-crisis level, and unemployment is significantly lower.
“But if we say that we protected from the problems this would be a lie,” the president said. “We must minimise our dependence on the fluctuations on the raw materials market,” he said, adding that this requires diversification of the economy. “Therefore, our task is to comprehensively develop the industry, to carry out, if you want, a new industrialisation,” Medvedev noted. “If this is achieved, we will be more warded off the negative impact,” he said. “I am a moderate optimist in this sense,” said the president.
Medvedev recalled that the first wave of the crisis was unexpected for many. “But we overcame it,” he said. According to him, at present there are “many difficulties, especially in the euro area.” “This is due to the fact that for a long time the counties have not been able to agree on the principles of overcoming the crisis,” said Medvedev. At the same time he reiterated that the situation in Russia is slightly more stable. “This is the best guarantee that we will pass this period calmly,” the president said.