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Russia will see slight economic growth early next year - PM Medvedev

October 01, 21:51 UTC+3 MOSCOW
Prime Minister added that he did not rule out that inflation will reach record lows in the country’s modern history by the end of this year
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MOSCOW, October 1. /TASS/. Prime Minister Dmitry Medvedev expects Russia’s economy to grow slightly at the beginning of next year.

"Already at the beginning of next year we’ll see a slight economic growth, as in - GDP growth," he said in an interview with Channel 1.

"We believe that at the end of the year the negative trends that have formed over the last 2 - 3 years, will have exhausted themselves, thanks to the measures that the government has taken and because of the general economic situation," Medvedev said. "At the beginning of next year we will reach relatively small parameters of economic growth," he added.

Prime Minister added that he did not rule out that inflation will reach record lows in the country’s modern history by the end of this year. "Probably, by the end of this year inflation will reach its record lows in modern history, which allows us to expect further economic development," he said.

Medvedev noted that other Russia’s macro-economic conditions "are not bad." Among them Prime Minister listed low level of state debt, significant volumes of foreign exchange reserves and declining inflation.

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