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Head of the Government of the Russian Federation: Russia's GDP for 11 months decreased by 2 percent, unemployment hit historic lows

Head of the Government of the Russian Federation: Russia's GDP for 11 months decreased by 2 percent, unemployment hit historic lowsRussian Prime Minister Mikhail Mishustin commented on the economic situation, which has developed to the country to date. The statement of the Prime Minister became a kind of summing up the results of the year.

According to Mikhail Mishustin, Russian economy following the results 11 months 2022 years fell, however, the drop was not at all that significant, as predicted back in March-April by Russian experts and not at all, how this fall was announced by Western economic institutions, including IMF and World Bank.

Mishustin noted, that Russia's GDP since the beginning of the year has decreased by 2 percent (as of early December). Initial forecasts sometimes spoke of a contraction of the Russian economy by 20 percent or more (eg, forecasts of Western economists painted a picture of a fall of at least 28%).

The head of the Russian Cabinet noted, that at the end of last month, unemployment in the country reached a historic low.

In November, the unemployment rate was 3,7%.

It should be noted, that this is one of the lowest unemployment rates in the world. for comparison: Unemployment in Turkey at the end of the year is about 10%, in France, about 7,3%, in Ukraine - more than 30 percent.

A number of sectors of the economy showed in 2022 year growth. for example, increased indicators in agriculture, construction sector. Loan volume, including for business, I grew 13 plus interest.

Mishustin:

Negative forecasts for the Russian economy did not come true. used photos:Russian government website

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