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Russia refused from the goal to enter the top five leading economies in the world

Россия отказалась от цели войти в пятерку ведущих экономик мира

The entry in the top 5 leading economies in the world as a national goal first appeared in the decree of the President of Russia in 2018. And even last year the head of state Vladimir Putin called the problem “totally solvable” by 2024. Now she disappeared from the decree on the national goals of Russia’s development until 2030.

“Joining the Russian Federation among the five largest economies in the world, providing economic growth above the world while maintaining macroeconomic stability, including inflation at the level not exceeding 4%,” – noted in the presidential decree of 2018.

The chamber in this case and previously said that the top 5 economies in the world from Russia to 2024 login will not work. The head of Department Alexey Kudrin has explained it to that country before the pandemic coronavirus landed in the “stagnation trap”, says RBC. The Ministry of economic development explained that it was a question of comparing economies only by purchasing power parity. With adjustment for this indicator by 2019, Russia lagged behind Germany in terms of GDP only by 4-5%, – noted the then Minister of economic development Maxim Oreshkin.

Press Secretary of the President of Russia Dmitry Peskov said that the disappearance of the purpose of entering the top 5 of world economies is associated with adverse market conditions and now requires correction, – said the TV channel “Rain”. Probably talking about the consequences of a pandemic coronavirus COVID-19 and a strong fluctuation of oil prices in General remaining low. However, the pandemic has hit all major economies in the world.

In the new decree of the President of July 21, according to the national goals of Russia in the next decade. Among the tasks remain GDP growth above the global average, sustainable income growth, reducing poverty and increasing life expectancy of Russians. However, practically all these indicators over the last six years of achievements there or they are very minor, especially in comparison with other leading countries.

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