Gross domestic product (GDP) for the first five months of this year added 5%, which is significantly higher than forecasts. This was stated by Russian prime minister Mikhail Mishustin at a meeting on economic issues.

“The dynamics remain high, in May the growth accelerated slightly compared to April – up to 4.5%. If we take statistics for 5 months, then gross domestic product added 5% to the same period last year. This is significantly higher than forecasts, contrary to all attempts from the outside to interfere,” the head of the Cabinet said.
According to Mishustin, the indicators of the real sector of the economy are also in positive territory. So, from January to May, the manufacturing industry grew by almost 9%. As one of the key drivers of this sphere, the head of the Cabinet indicated mechanical engineering, “which showed double-digit growth rates”.
“What is very important is that investment continues to grow, which means that a good reserve is being created for the future. According to the results of the first quarter, investments increased by almost 15%, mainly due to machinery, equipment, investments in intellectual property,” the prime minister said, indicating that companies have their own resources for this, as their profits increase.
In addition, according to him, the regions have become more active in investing in the development of enterprises.
“Despite the summer period, it is necessary to monitor constantly the macroeconomic situation, if necessary, promptly adjusting our action plan in this area and, of course, in cooperation with the Bank of Russia,” the head of the Cabinet emphasized.