Russia's Economy Grows Over 10% Amidst European Struggles
Russian economy up more than 10% in three years compared to 3% in Europe — official
Image: Тасс
The Russian economy has expanded by over 10% in the last three years, significantly outpacing Europe's 3% growth, according to Maxim Oreshkin, deputy head of the Russian presidential administration. He highlighted low unemployment and rising labor productivity as key factors driving this growth.
- 01Maxim Oreshkin announced a 10% growth in the Russian economy over the past three years.
- 02In contrast, Europe saw only a 3% growth during the same period.
- 03Russia boasts the lowest unemployment rate globally, according to Oreshkin.
- 04Increased labor productivity is identified as a crucial element of Russia's economic growth model.
- 05These statements were made at the St. Petersburg International Economic Forum (SPIEF).
Advertisement
In-Article Ad
At the St. Petersburg International Economic Forum (SPIEF), Maxim Oreshkin, deputy head of the Russian presidential administration, reported that the Russian economy has grown by more than 10% over the past three years. In comparison, Europe has only managed a growth of 3% during the same timeframe. Oreshkin emphasized that Russia's unemployment rate is the lowest in the world, attributing the country's economic success to increased labor productivity, which he described as the cornerstone of Russia's new economic growth model. This data reflects a significant divergence in economic performance between Russia and Europe.
Advertisement
In-Article Ad
The reported economic growth and low unemployment could influence domestic policies and international perceptions of Russia's economic stability.
Advertisement
In-Article Ad
Reader Poll
What do you think about Russia's economic growth compared to Europe?
Connecting to poll...
Read the original article
Visit the source for the complete story.