Putin: Russia needs to break through and become the fifth largest economy in the world

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 Putin: Russia needs to break through and become the fifth largest economy in the world


Press conference site (Russian Satellite Network)

Overseas Network Dec. 20 - At 12 noon local time on Dec. 20, Russian President Vladimir Putin held his 14th annual press conference in the hall of Moscow International Trade Center. In his year-end summary, Putin stressed that Russia needs a breakthrough and should become the fifth largest economy in the world.

According to Russian Satellite Network, Putin said at a press conference that the Russian government plans to achieve 3% economic growth starting in 2021 and that Russia should become the fifth largest economy in the world.

He also said that the Russian unemployment rate is expected to fall to 4.8% in 2018 from 5.2% in 2017. Russias gold foreign exchange reserves increased by 7% to $464 billion. Russias annual inflation rate in 2018 will exceed the target level of 4.1% to 4.2%.

At the same time, Putin stressed that the country needs a breakthrough. Resources are needed for this, and the Russian government and administration are working on it. As a result, 12 national projects have been set up in the fields of science, education and health care.

According to Russian media reports, 1702 journalists from Russian media, local media and foreign media registered to attend this years annual press conference, a record number.

At last years annual press conference, Putin answered 55 questions, six of which were asked by foreign media. By convention, Putins annual press conference usually lasts more than three hours, the longest being in 2008 and lasts for four hours and 40 minutes.

Source: Overseas Network Responsible Editor: Li Wan_B11284