Date: 7 months ago   Category: Economy

Experts of HSE have declared failure in the working model of economic growth — Rambler News Service


Photo: globallookpress.com/Thomas Körbel of Osnova delay of GDP growth of Russia in the third quarter 2018 became failure in functioning of the working model of economic growth. It is said in the review "Comment on the state and business" of HSE. Experts remind that, according to the Ministry of Economic Development, growth of industrial production in September was slowed down up to 2,1% year-on-year in comparison with 2,7% in August. According to data of econometric model of HSE, in October, most likely, growth will also be about 2% or is slightly lower. "It means, as delay of GDP growth in the third quarter can't be written off only for a factor of strong falling of agriculture owing to high base of last bumper-crop year and that it, probably, has the basis failure in functioning of the working model of economic growth in which investments are closely coordinated to increasing export and GDP" — it is said in the document. Earlier the Minister of Economic Development Maxim Oreshkin has said that GDP of Russia following the results of the third quarter 2018 has increased by 1,3%, but not for 1,8%, because of decrease in the output in agriculture.

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