Putin said about the passage of the peak of the economic crisis

Putin said about the passage of the peak of the economic crisis

Moscow. December 17. The Russian economy has overcome the peak of the crisis, said President Vladimir Putin.

“Statistics show that the Russian economy the crisis has passed, in any case, the peak of the crisis. From the second quarter of this year is showing signs of stabilization in business activity”, – Putin said at a press conference.

According to him, in September-October the GDP growth amounted to, respectively, 0.3 and 0.1% the previous month. “Since March, stopped to decrease the volume of industrial production in September and October recorded a small, but still growth in industrial production to 0.2% and 0.1%, respectively”, – Putin said.

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Maintained a positive trade balance at a serious value – $126,3 billion, he continued. International reserves amounted to $364,4 billion External debt of Russia, according to Putin, was reduced by 13% compared with 2014, significantly reduced the outflow of capital. “Moreover, in the third quarter of this year registered a net inflow (of capital),” he said.

“In terms of debt load, it is extremely important thing and positive indicator. This is the flip side of the coin, associated with the so – called sanctions,” Putin said.

He also pointed to the preservation of stability in the labour market. “The unemployment rate hovered at 5.6 percent. If you remember 2008, overall this is a positive result, the positive work of the government”, – said the President.

According to him, the budget for 2016 forecast oil prices at $50 a barrel, apparently, will have to adjust. “We estimate next year’s budget just from this figure ($50 per barrel). This is a very optimistic assessment. Now as she is already 38?”, – Putin said. At the same time, he added, the government will not rush to review the budget in 2016 because of the high volatility of oil prices.

Putin also said that the Federal budget deficit in 2015 will be 2.8-2.9% of the GDP, which is a quite satisfactory indicator.