Russian president concerned over economic growth

Russian President Vladimir Putin has expressed concerns about preliminary indicators of economic development. The Ministry for Economic Development said that the GDP growth in January-November 2012 totaled 3.5%, unemployment totaled 5.4%, annual inflation totaled 6.6% and wages grew by 8.4%, RIA Novosti reports.

Putin believes that figures of December will provoke even more concerns.

The president proposed analysis of budget expenses and determination of further investments. He wants more finances to be invested in roads and infrastructure. Putin noted the need to analyze the consumer demand.

Putin reminded that the situation in Europe had been stabilized at the end of 2012. Markets are still awaiting the US to make decisions.