In his annual end-of-year press conference Friday, Russian President Vladimir Putin devoted a lot of time to economic issues, as the country struggles to get back to growth after shrinking the past two years because of low oil prices and economic sanctions over its actions in Ukraine.
He said the Russian economy is gradually recovering and expected to contract by about only half a percent this year, while inflation has dropped to an all-time low and might soon reach the official 5.4 percent target. Putin noted capital outflows slowed down to a net $17 billion loss and real …read more
Source: Voice of America
