MOSCOW, October 31. /TASS/. The Russian Ministry of Economic Development believes that the growth potential of the Russian economy is higher than 1.5-2%, Deputy Minister Polina Kryuchkova told the State Duma.

“We also have a conservative scenario – something between the Bank of Russia’s inflation and crisis scenario, but we also consider it unlikely,” she said, adding: “From our point of view, the (growth) potential of the economy is the highest . probably higher, not 1.5-2%.”

Commenting on the ministry’s arguments, Kryuchkova drew attention to the pace of investment growth in the country in recent years.

“Statistics show a fairly healthy increase in investment. At first, the main growth was in buildings and structures, then it moved to machinery and equipment, and intangible assets. All these investments will provide a return that will increase the economic potential,” continued the deputy minister.

In September, the Ministry of Economic Development raised the forecast for Russia’s GDP growth in 2024 to 3.9% from 2.8%, in 2025 – to 2.5% from 2.3%.