CIS GDP to surpass global average – Putin

By Aya El Sayed On Dec 25, 2024

The total GDP of Commonwealth of Independent States (CIS) countries is projected to grow by 4.7 per cent in 2024, exceeding the global average, Russian President Vladimir Putin announced at the informal CIS summit.

Putin highlighted improved macroeconomic indicators across the bloc, with industrial production up 4.3 per cent, cargo transport rising 7.4 per cent, and retail sales increasing 7.7 per cent in the first 10 months of 2024.

As CIS chair, Russia focused on deepening economic integration, eliminating trade barriers, and simplifying customs procedures, Putin added, underscoring efforts to enhance the bloc’s global standing.

Attribution: TASS

Subediting: M. S. Salama

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