has, Since the Russian statistics authority Rosstat, in December, a new boss, the Russian economy is noticeably better, at least the data situation. The latest measure is significant: 2.3 percent of the Russian gross domestic growth product (GDP) in 2018, informed Rosstat on Monday in a first estimate.
That would be a Six-year High; 1.7 percent were expected. The success of the government statistician fits to the strikingly optimistic stance that the new Rosstat-in-chief Pavel Malkov since he took office at the end of December 2018. Key figures have since been revised upwards.
New Figures to be had within a week
just before Malkov came into office, President Vladimir Putin in the December issues, why of economic growth, the Kremlin leader saw then in 2018, at 1.8 per cent., so little for the citizens arrived, and if the Numbers married. Putin had not given to the statistics was “perfect” and needed to be improved. Including the mind of the Kremlin, apparently, is to release Rosstat head Alexander Surinov immediately of his duties and to replace him by Malkov, an official from the Ministry of economy.
After not even a week, Rosstat had revised its GDP figures for 2016 and 2017, up From a decline of the total economic output of 0.2 percent in 2016 to a Plus of 0.3 percent, which also means that the recession lasted only a year, which was followed by the deep fall in the price of Oil and the imposition of Western sanctions in 2014. Growth for 2017 is corrected according to Rosstat, from 1.5 to 1.6 percent.
Against this Background it did not surprise that even the Kremlin-close to Economists ‘ insistence to say for 2018 on his own before. Andrei Klepatsch, chief economist of the national credit institution, Vnesheconombank, undeterred, with a growth forecast of 1.5 percent for 2018: “I am currently not inclined to trust any other Numbers,” he told the news Agency Tass.
“The statistics shows a growth in all sectors of the economy.”Chief economist of Alfa-Bank, Natalia Orlova
skepticism aroused in observers by the fact that according to Rosstat justified the surge in growth in 2018 with construction activity, which has raised doubts about the sustainability of the Numbers. Because for the good state of the Construction industry the opening of a huge gas field was on the Yamal Peninsula in Arctic Siberia, with a volume of the equivalent of 24 billion euros.
The billions of numbers came from an area that many call the “end of the world,” wrote the Russian financial portal Profinance.ru and quoted the chief economist of Alfa-Bank Natalia Orlova, the voice of a Once-effect: “The statistics shows a growth, but in all areas of the economy.” Other positive effects brought the football world Cup, which provided for an increase of 6.1 percent in gastronomy and the hotel industry. Unfortunately, no repeat of the 2019. (Tages-Anzeiger)
Created: 06.02.2019, 20:41 PM