Russia real wages improving, says president PutinStaff Writer | December 27, 2016
President Vladimir Putin said Russia’s economy is returning to growth and there are signs that real wages are improving as the country emerges from its longest recession this century.
Russian economy Gross domestic product will likely shrink by 0.5%
“That inspires a certain confidence that the movement will be positive in the near term.”
Gross domestic product will likely shrink by 0.5% to 0.6% in 2016, rather than a previously forecast 1%, while the budget deficit will be 3.7% this year, Putin said. ■