Putin Praises Russia’s Economic Progress
(MENAFN) Russian Leader Vladimir Putin has commended the nation's economic trajectory, crediting its advancement to the fourth position globally—based on purchasing power parity (PPP)—to the dedication of both business entities and laborers.
During a gathering with entrepreneurs on National Entrepreneurs Day, Putin highlighted the nation’s economic resilience, noting that Russia had recorded substantial accomplishments over the previous two years.
He pointed out that these milestones were achieved despite functioning in what he referred to as “far from favorable and rather difficult conditions.”
Putin cited specific economic metrics, stating, “In 2023, GDP grew by 4.1%, and in 2024, by 4.3% – that’s a solid result.”
He further emphasized, “That Russia’s economy is now fourth in the world by PPP is, of course, your direct achievement – the result of the work of companies from all regions of the Russian Federation.”
PPP is a measure used to compare the economic productivity and living conditions between nations, adjusting for variations in local prices of goods and services.
The Russian leader pointed out that this upward trend was not confined to one particular field.
Instead, it encompassed a broad array of sectors such as industrial production, farming, information technology, the service industry, and financial operations.
He concluded by underlining that this progress stemmed not from a few major corporations but from the efforts of countless individuals across the country.
“Such a result is not the work of a few large organizations, but the contribution of thousands, hundreds of thousands, even millions of people working toward a common goal,” Putin remarked.
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