Vladimir Putin gives annual news conference

Baku, December 20, AZERTAC

Russian President Vladimir Putin said at his annual news conference that national GDP rose by 1.7% in ten month of this year and the forecast for the yearly growth rate is 1.8%, according to TASS.

"GDP increased by 1.7% in ten months of this year. The annual forecast of the Ministry of Economic Development is 1.8%," the Russian president said.

Putin noted that the industrial output was growing at a quicker pace at the same time: the increase was 2.1% in 2017, 2.9% in January - October 2018, and 3% growth is forecast as at the year-end. Processing industries are growing slightly quicker, at the level of 3.2%. "Capital investments increased by 4.1% in three quarters. Freight turnover and retail trade volumes are rising - plus 2.6%," Putin noted.

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