Putin says macroeconomic stability, low inflation key for growth
Reuters
Published Oct 12, 2016 10:11AM ET
Updated Oct 12, 2016 10:21AM ET
Putin says macroeconomic stability, low inflation key for growth
MOSCOW (Reuters) - There is a need to support macroeconomic stability in Russia and stick to inflation goals in order to ensure economic growth, President Vladimir Putin said on Wednesday.
Speaking at an economic forum, Putin also said that a budget deficit of 3 percent of gross domestic product this year would be acceptable.
Western economic sanctions imposed on Moscow affect Russia's economy, but they also hurt the global economy in general, he said.
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Written By: Reuters
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