Date: 4 weeks ago   Category: Economy

Oreshkin told about not created model of growth of economy of Russia — Rambler News Service


The economic model necessary for ensuring growth of economy of Russia with rates over 3% in a year, up to the end is not created, the Minister of Economic Development of the Russian Federation Maxim Oreshkin of annual board of the Ministry of Economic Development reported. "If to speak about a situation in economy in general, then at us economic growth continues 12 quarters in a row. In 2018 it reached 2.3%, but it is obvious that the model of economic growth which can provide an indicator at the level of 3% and above is still finally not created" — Oreshkin said. Speaking about short-term trends, the minister noted that they "do not look positively yet". "In the I quarter growth minimum since the end of 2017 – 0.5%, but here, of course, are obvious that this delay has no system character. The deviation from trends is caused by single factors. Their reasons are clear. Main of them is a weakness of final demand against the background of synchronous toughening tax and budgetary and monetary policy. We had an increase in the VAT at the postponed budgetary expenses, and all this coincided with increase in a key interest rate of the Bank of Russia. Weak demand it is visible in many directions, it is shown also in dynamics of inflation" — the Minister of Economic Development told. He added that at the moment inflation fell lower than 5.1%. According to him, the effect of increase in the VAT "really had single character".

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