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Russian Deputy PM Novak: Economic Situation Fully Under Control
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- Russian Deputy Prime Minister Alexander Novak stated that the country's economic situation is "fully under control." Following a meeting on the economy, he instructed continued monitoring of macroeconomic indicators to address challenges.
- GDP growth was reported at 0.3% in May 2026, with consumer activity driving a 4.5% rise in retail trade, services, and food turnover.
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Russian Deputy Prime Minister Alexander Novak stated that the country's economic situation is "fully under control." Following a meeting on the economy, he instructed continued monitoring of macroeconomic indicators to address challenges. GDP growth was reported at 0.3% in May 2026, with consumer activity driving a 4.5% rise in retail trade, services, and food turnover.
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This article was originally published by TASS.
