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Russia's GDP growth, at six-year high, raises question of durability

Reuters  |  MOSCOW 

By Polina Nikolskaya and Gabrielle Tetrault-FarberMOSCOW (Reuters) - Russia's economic growth climbed to a six-year high in 2018, but the growth was fuelled by one-off factors that mean the goals set by President Vladimir Putin won't be achieved without an increase in household incomes, economists said.Putin, after winning his fourth term last year, ordered the government to bring the Russian economy into the world's top five by 2024, saying economic growth should surpass the global average of about 3 percent.New data published this month by Russia's Federal Statistics Service, or Rosstat, ...

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First Published: Tue, February 12 2019. 15:54 IST