World meat industry news

The decline in GDP in the Russian Federation at the end of the year will be 2.8-2.9%, but construction, the agro-industrial complex and a number of other areas show growth. This was stated by Russian President Vladimir Putin on Thursday at a plenary meeting of the international discussion club "Valdai".

"We have a budget deficit next year - 2%, then 1.4%, and a year later - 0.7%. In almost all countries of the eurozone, it is higher. Public debt is fundamentally lower than in the Eurozone, either in the States, or in Britain. We will have an economic recession of about 2.9-2.8% this year," he said.

At the same time, the president noted that industrial production and processing remain "about the same level," and a number of other industries show growth. "Construction, the construction sector has grown by more than 5-5.1% over the eight months of this year, agriculture has doubled, and the trend is growing, we are increasing the volume of lending to both the corporate sector and the consumer sector," he said.

The head of state also noted the growth in lending and the reliability of the Russian banking system. "The stability of the banking system is reliable, high stability of the banking system. <…> Lending is growing," the President noted. "Yes, we have seen some issues related to the outflow of money supply from banks, this is due to well-known events. Money began to return back," Putin added. He also noted that citizens are doing the right thing, that they do not keep money "under the pillow" and do not lose it due to inflation, but receive interest in the bank.

"I was asked what Russia can do to create conditions for living independently of sanctions and developing steadily. It seems to me that this is a good example," the President stressed, noting that it is necessary to unite the efforts of all interested parties and strike a balance interests. "Then, without any doubt, success will be ensured," Putin added.