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Russia Needs Systemic Changes to Spur Higher GDP Growth - Govt
25.02.2013 08:40
Russia Needs Systemic Changes to Spur Higher GDP Growth - Govt
Photo Credit: http://www.lawinrussia.ru

Russia’s GDP rose 1.6 percent in January 2013, compared to January 2012, according to a weekly report by the Ministry of Economic Development. 


      
The country needs a higher growth figures to be able to tackle its numerous social and defense issues, said Andrey Belousov, head of the ministry.

      
He called for system reforms to be introduced to spur economic recovery. Otherwise Russia is facing a 2-3 percent growth limit over a 30-year period, he said in an interview with Rossiya-24 TV channel. 

      
 



Author: Mikhail Vesely

Tags: Ministry of Economic Development Andrey Belousov Russias GDP Russia's economy  

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