OREANDA-NEWS. The Russian economy has recovered from the effects of the coronavirus pandemic by mid-2021, this is a visible result of the entire business community, Russian President Vladimir Putin said at a meeting of the congress of the Russian Union of Industrialists and Entrepreneurs. He noted that now qualitative growth is needed, the transformation of the entire economic life is ahead.

«By the middle of this year, the Russian economy had recovered from the effects of the coronavirus epidemic and reached the pre-crisis level. Employment indicators also returned to the values of 2019. Such a relatively rapid recovery of economic dynamics is a tangible, visible result of the work of the entire business community», Putin said.

The Head of State announced a new stage in the development of the Russian economy. According to him, now she needs rapid and qualitative growth after recovery. «A large-scale transformation of the entire economic life is ahead. This includes digitalization, the environmental agenda, the creation of virtually new industries, and the frontal development of infrastructure. We will also solve these tasks together», Putin stressed.