New growth – Putin

Weekend Argus (Saturday Edition) - - FRONT PAGE -

RUS­SIAN pres­i­dent Vladimir Putin said yes­ter­day the Rus­sian econ­omy had en­tered a new stage of growth as the rate of for­eign in­vest­ment sur­passed the level of its eco­nomic growth.

In a speech at the St Peters­burg In­ter­na­tional Eco­nomic Fo­rum, Putin said for­eign di­rect in­vest­ment in Rus­sia reached $7 bil­lion in the first quar­ter of 2017, up 2.3% year on year, the best per­for­mance in the past three years.

Putin called for ef­forts to main­tain and ac­cel­er­ate the pos­i­tive eco­nomic growth, in a bid to en­sure Rus­sia achieves its goal of re­al­is­ing a growth rate higher than world av­er­age by the year 2020.

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