Russia managed to contain the spiral of inflation

Despite difficult external conditions, domestic authorities were able to prevent a leap of economic stagnation and the lack of jobs and the economy managed to at least slightly, although will increase. According to the results of last year, a rise in GDP was 0.6%.

The results of the last year have brought during the direct line of the President of Russia Vladimir Putin. "We are faced with the foreign economic limitations, and it somehow affected the rate of growth, our development," he admitted. However the Economics of the situation have coped and even showed a small increase, said the head of the country.

"In General what we see: the rouble strengthened and stock markets grow. We managed to prevent the promotion of a spiral of economic stagnation," said Putin. Along with this he acknowledged that the increase in the consumer tariff was significant enough (11.4% last year), and earnings levels of the people of Russia have decreased slightly.

The President among other things showed that unemployment in the country has increased from 3-5% to 5.8%), although the jump of this character managed to prevent. "All the same we managed to contain this growth," - said Putin.

With all this, the leader of the country believes the signs are economical deficit is absolutely normal. "It must be stated that last year we laid out, if you proceed to budgetary questions, not very big disadvantage in 0.5% and prevented from loosening, slipping in a larger deficit - we have it here, there is a slightly higher percentage, but digestible for the current year at 3.7%," - said the President.

The financial sector of the Russian Federation in 2014 showed growth in assets of domestic banks reached 77 trillion rubles and exceeded the GDP of the nation. Putin said that the essential dynamics in the financial sector in 2014 was observed, despite the stark differences in the economic market. In addition, the company and the inhabitants began to return to the banks previously taken the means or translated into the currency of rubles at the end of last or beginning of the current period.

"Contributions of citizens in banks increased by 9.4%, of economic entities - by 40.6% in the past year and continue to grow in this," he quoted the example of the Russian President. He added that in early January, the deposits of the population increased by 2.8%, to the 19 trillion rubles, and companies to over 26 trillion rubles ( 5.1 per cent).

At that moment, increased outflow of money from the Empire, although Putin does not see anything terrible. Financial turmoil has led to the growth of the withdrawal, we have to assume, though, if the questions will be about this, we can read more on this interview, I couldn't see anything catastrophic," he said.

sections: Economics