The economic policy of the optimist V. Putin and the real state of affairs

The indicators of the Russian economy are higher than expected, Putin said

Putin: the economic indicators of the Russian economy are higher than expected, which gives hope

MOSCOW, July 5 - RIA Novosti. Russia's economic indicators are better than expected, which gives hope that all tasks will be solved, President Vladimir Putin said at a meeting with Prime Minister Mikhail Mishustin.

"Our results, at least so far, let's say cautiously, are better than expected, better than forecasts. This gives us hope that all the tasks, as we set them, will at least be solved," Putin said.

As Mishustin, in turn, noted, the Russian economy continues to recover, despite the sanctions, GDP growth for the five months of this year amounted to 0.6%. According to him, today the government has confidence that, in the absence of force majeure, the country's GDP growth should be more than 2% by the end of the year.

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Over the past year, the ruble has weakened by almost 70%. If the devaluation continues at the same rate, then in a year the US dollar will be worth 150 rubles in Russia. The arrival of Elvira Nabiullina to the Central Bank 10 years ago gave rise to a period of high volatility and constant weakening of the ruble. Paradoxically, the weaker the ruble, the fewer citizens in Russia who assess their financial situation as bad. And the deeper the devaluation of the ruble, the fewer Russians expect their incomes to decrease next year.

At the end of last week, the Russian ruble was experiencing another wave of weakening. On Friday, the dollar, euro and yuan were actively growing during trading on the Moscow Stock Exchange. The dollar exceeded 89 rubles, the euro - 96 rubles for the first time in more than a year. European and American currencies were trading at the end of March 2022. The pressure on the ruble continues to be exerted by the difficult situation with the country's balance of payments caused by relatively low world prices for hydrocarbons. Taking into account the geopolitical discount, as well as the reduction in Russian production, this reduces export revenue, admits Dmitry Babin, an expert at BCS World of Investments.

Every year, Russians observe an increase in prices for goods in stores. The approaching year 2023 will not be an exception. Experts analyzed the current situation and named a list of goods and services whose prices will rise in the near future.

It is generally believed that the main reason for the price increase is inflation. As follows from official data, in 2022, inflation was 11-13%. In this regard, the Central Bank announces a number of measures aimed at reducing the inflation rate. The regulator says that the planned measures will keep inflation at 5-7% in 2023. But experts are not so optimistic - in their opinion, in reality, the price increase will be much higher. Economists predict growth for all groups of goods by at least 10%.

Also, do not forget about the seasonality of a number of products. In winter, there is an increase in the cost of fresh vegetables, fruits and chicken eggs. And due to the outflow of a number of foreign brands from the domestic market, an increase in the cost of imported goods will inevitably occur.

Manufacturers of products explain the increase in prices as follows: an increase in the cost of raw materials; growing packaging costs; indexing of salaries to employees; growth of transportation costs; complexity of logistics.

There is a significant outflow of capital from the Russian Federation with clearly non-investment goals, independent economists note. According to their calculations, during the special operation, about $ 160 billion was exported for unclear purposes, which is three times more than in the previous seven years.

The state has no money to raise salaries and pensions above inflation.

We saw this last year. Raising all social obligations of the state was lower than even official inflation.

And as many of you know, many experts believe that the official inflation in Russia is about three times less than the real one.

Rosstat is simply able to "count" absolutely all economic indicators in the country profitably for the authorities.