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Deputy PM: Stabilization of Russia's economy lays cornerstone for economic growth

October 05, 13:17 UTC+3
1 pages in this article

ROME, October 5. /TASS/. Stabilization of economic situation in Russia lays the groundwork for economic growth, Deputy Prime Minister Arkady Dvorkovich said on Wednesday.

"We have a low level of debt and the economy is still growing sluggishly. Nevertheless, we may expect our financial stabilization conditions lay a good basis for growth resumption," the official said.

The overall economic background remains challenging and growth rates of European and Russian economies are still low and give rise to concerns, Dvorkovich said. Nevertheless, recovery signs are visible in economies, he added.

Russia managed to stabilize inflation at a lower level and the domestic unemployment rate is also low, about 6%, Dvorkovich said.

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