Sputnik Brazil – Russian President Vladimir Putin announced that, despite pessimistic forecasts, Russia will become one of the five largest economies in the world by the end of 2022, overtaking Germany in terms of purchasing power parity and economic size.
“Despite the gloomy forecasts that seemed sometimes and are still issued by some experts, especially Westerners of course, at the end of 2022 Russia entered the top five economies in the world.” The Russian president said the National Strategic Development and Enterprise Council.
Putin added that according to the World Bank, Russia “was ahead of the Federal Republic of Germany in purchasing power parity and in economic size,” which are among the most important indicators.
It is ahead of Russia, China, the USA, India and Japan, meanwhile, in terms of the size of nominal GDP in 2022, Russia ranked eighth, behind the USA, China, Japan, Germany, India, the UK and Germany. France.
Russian officials have confirmed on more than one occasion that the country will be able to withstand the pressure of sanctions that the West began applying a few years ago and continues to intensify. Moreover, Putin emphasized that the Russian economy is growing steadily.
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“But since the third quarter, economic growth has already begun in Russia and now its rates are quite stable. So, in the second quarter of this year, GDP grew by 4.9 percent compared to the same period last year,” Putin said.
The Russian President stressed that the sectors of the economy that are witnessing the greatest growth are those that are not related to the exploitation of natural resources such as oil and gas.
Earlier, the Russian leader stressed that Russia’s policy of containment and weakening is a long-term Western strategy, and also noted that the sanctions have caused severe damage to the entire global economy.
