Bank Of Baku

Putin: Russia’s GDP to reach pre-crisis levels by 2012

Putin: Russia’s GDP to reach pre-crisis levels by 2012
# 16 December 2010 14:20 (UTC +04:00)
Bakı - APA-Economics. Russian Prime Minister Vladimir Putin pledged on Thursday that national GDP would return to pre-crisis levels by the first half of 2012, RIA Novosti reported.

"A number of experts have said that GDP will reach pre-crisis levels by the end of 2012, and other experts say it will happen by the end of 2011," Putin said during his annual televised Q&A session. "I believe, that the truth, as usual, lies somewhere in the middle."

Putin described this year’s GDP growth of 3.8 percent as "satisfactory." Before the crisis, Russia’s GDP growth averaged 7 percent.
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