Russian president orders stimulation of economic growth

Russian President Vladimir Putin has ordered Vice Premier Igor Shuvalov and personal assistant for economic affairs to come up with proposals to stimulate economic growth for May 15, RIA Novosti reports.

The president believes that the country has all it needs to accomplish the goals set on May 7, 2012.

Shuvalov promised to fulfill the order on time.

The Ministry for Economic Development reduced the GDP growth forecasts from 3.6% to 2.4% for 2013, industrial growth from 3.6% to 2%, investments in the basic capital from 6.5% to 4.6%. Minister for Economic Development Andrey Belousov noted risks of recession in autumn 2013, unless the government starts stimulating economy.