Russian Prime Minister Vladimir Putin says his country's economy is improving rapidly.Discount ugg boots
Putin said Friday that Russia "has managed to overcome the recession in a relatively short time." Speaking at an investor forum in the Black Sea resort of Sochi, Putin predicted a 4.4 percent growth rate for the Russian economy this year. That compares to an eight percent decline in 2009.
He said the Russian economy, recovering from its worst recession in 15 years, had improved "because people felt that the government sought to protect their interests."UGG 5325 Sunburst Tall
Nonetheless, Putin acknowledged foreign investors have largely bypassed Russia. Foreign investors have pumped only $30 billion into Russia's $1.2 trillion economy in the first half of 2010.
Putin said Friday that Russia "has managed to overcome the recession in a relatively short time." Speaking at an investor forum in the Black Sea resort of Sochi, Putin predicted a 4.4 percent growth rate for the Russian economy this year. That compares to an eight percent decline in 2009.
He said the Russian economy, recovering from its worst recession in 15 years, had improved "because people felt that the government sought to protect their interests."UGG 5325 Sunburst Tall
Nonetheless, Putin acknowledged foreign investors have largely bypassed Russia. Foreign investors have pumped only $30 billion into Russia's $1.2 trillion economy in the first half of 2010.