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Government must secure 5 percent GDP growth in near future - Medvedev

January 16, 2013, 12:46 UTC+3
The World Bank published a prognosis, according to which Russia's GDP growth rate is expected to reach 3.5 percent in 2013
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MOSCOW, January 16 (Itar-Tass) — Russian Prime Minister Dmitry Medvedev said the government must ensure at least a 5-percent GDP growth in the near future. "The government's immediate objective is to ensure the transfer to a stable economic growth track at a level not lower than 5 percent of the GDP," he said at Gaidar Forum 2013 at the Russian Academy of National Economy in Moscow on Wednesday.

The World Bank published a prognosis on Wednesday, according to which Russia's GDP growth rate is expected to reach 3.5 percent, noting that in 2013, the GDP growth will be insignificant despite the expected high prices of oil.

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