Photo: Paul lions / RIA Novosti
The savings Bank has identified 15 regions of Russia, characterized by financial stability and high economic growth potential. This is stated in the analytical review of the Bank “Russian regions and their potential for economic growth,” which is at the disposal of edition”.ru”.
The list included seven regions of the northwestern Federal district — St.-Petersburg, Nenets Autonomous Okrug, Murmansk, Arkhangelsk, Vologda, Leningrad and Kaliningrad region. Also, it included four regions of the Central Federal district (Tver, Lipetsk, Kursk and Tula regions), two regions of the Urals Federal district (Tyumen oblast and Yamalo-Nenets Autonomous Okrug), as well as Yakutia and the Rostov region included in the far Eastern and southern Federal district.
As explained in the savings Bank, the main factor of economic growth is investments. The main inflow is expected in the years 2019-2024 due to the implementation of national projects. One of the main recipients of funding will be the far East. Also the high investment growth is expected in Central, southern and Siberian Federal districts.
Earlier, the world Bank lowered the forecast on growth of Russia’s GDP in 2019 from 1.5 to 1.4 percent. The decision financial institution has taken because of the risk of potential extension of sanctions, the deterioration of sentiment in financial markets and falling oil prices. The Ministry of economic development, by contrast, has improved the forecast on growth of Russia’s GDP, arguing that growth could be higher than the baseline of 1.3 percent.
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