Will Russia come to the top 5 economies in the world before 2024? Now its just the same as Guangdong

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 Will Russia come to the top 5 economies in the world before 2024? Now its just the same as Guangdong


Tass Report Reported that Putin signed the presidential decree on 7, planning the strategic development goals and objectives of Russia by 2024. The presidential decree called for Russia to enter the worlds five largest economy by 2024, every year to ensure that Russias GDP growth is higher than the global average, while maintaining macroeconomic stability, and the rate of inflation is not more than 4%. According to foreign media reports, in the 2017 ranking of the world economy, the top five are: the United States, China, Japan, Germany and France. A screenshot of the 2017 CNN Report According to the query, Russia ranked twelfth in the world in 2017 (US $1 trillion and 470 billion) in GDP. In 2017, Russias GDP growth rate was 14.73%, but the vast majority of it was due to the appreciation of rouble, and the actual GDP growth rate was only 1.4%. Without considering GDP growth in other countries, if Russia is to enter the worlds fifth economy in 2024, its GDP needs to increase by 12% annually in the 6 years to double the 2017 and catch up to fifth France (2 trillion and 500 billion dollars). According to Russias foreign economic Bank (VEB) forecast, in the next 2018 -2021, Russias GDP growth rate is the highest 1.8%. Taking into account the limited space of the rouble appreciation, Russias entry into the worlds top five economies is very difficult to achieve. According to media reports, if the GDP of our province in Guangdong is converted into US dollars, its total economic volume will be close to that of Russia. It is reported that in 2017, Guangdongs GDP was about $1 trillion and 407 billion. By 2024, the average life expectancy of the Russian population will be increased to 78 years. In the next six years, housing needs to be increased or rebuilt every year to meet the needs of 5 million families. The Russian government requires that the Russian government should reduce the poverty of Russia by 1/2 before 2024 to ensure stable growth of residents income, and the growth rate of the pension is higher than the rate of inflation. Map from TASS Putin said the government should ensure that in 2024 Russias share of GDP in digital technology and economic development increased by 3 times than in 2017. Russian satellite networks also reported that by 2024, Russia had to increase the total exports of non raw materials to $250 billion a year, while the total exports of services reached $100 billion. Putin also stressed that by 2024, the pollution of the most polluted cities would be reduced by at least 20%, and the illegal landfill sites were investigated and closed by 2024. He also asked for the restoration of the Volga River ecosystem by 2024 and cleaning up Lake Baikal and its littoral waste. Faced with this presidential decree, Medvedev, who has been nominated by Putin as Prime Minister of the new government, said that although the task is arduous, the new government can accomplish it. According to Russian media quoted analysts, the presidential decree contained some of the goals that Putin had promised to the public in the form of the state of the Union before the election. The signing of this presidential decree reflects Putins determination to fulfill his previous commitment. Dmitry Medvedev Source: observer net responsibility editor: Li Tian Yi _NN7528