By Laura Mills
MOSCOW--Russia's economy is recovering and will shrink by only 0.5% to 0.6% this year, up from a 3.7% contraction last year, President Vladimir Putin said Friday during his annual press conference in Moscow.
Mr. Putin said a broad range of sectors, from agriculture to industry, were showing signs of improvement. He added that inflation was likely to reach 5.5% this year, below previous government predictions, and that a target of 4% inflation was attainable next year.
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(END) Dow Jones Newswires
December 23, 2016 04:34 ET (09:34 GMT)
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