Tuesday, December 23, 2014

Medvedev: In Russia there is a risk of the economy to go into a deep recession – Bulletin

Medvedev: In Russia there is a risk of the economy to go into a deep recession – Bulletin

The Russian economy is able to go into a deep recession, the authorities should take this into account when setting targets, said on Tuesday, Russian Prime Minister Dmitry Medvedev. « If we set ourselves the more modest task, we have to go to the risks of a deeper recession than it can happen, “?? he said at an enlarged meeting of the General Council of Higher and « United Russia».

Sanctions « poison” relations between Russia and the United States ?? Medvedev →

Prime Minister reminded that the Russian economy is not bad coming out of the recession in 2009, when it was a very serious decline in industrial production. « Although the situation is now something is not easy, but difficult, because then we got out of the deep crisis with the world, and now a number of states, in fact, committed to hinder the development of our economy “?? he explained. In this regard, according to Medvedev, it is necessary « to live in normal growth agenda, not a zero-growth, namely, normal growth, even if we do something will not turn out » ( quotes on « PRIME»).

Earlier, in early December, Ministry of Economic Development forecasted decline of Russia’s GDP in 2015 at 0.8%. However, the Minister of Economic Development Alexei Ulyukayev then expressed the hope that the Russian economy is not doomed to recession and there is every opportunity to prevent it in the next year.

Russia’s GDP growth slowed in October to zero for 10 months was 0.7% ?? MAYOR →

Medvedev also said that the government should fulfill its social obligations, no matter what. « How would any of us clicked, whatever the grip of oil prices or sanctions nor was our country, no matter what happens, the social obligations we have to fulfill, “?? the prime minister said ( quoted by TASS).

On the eve of former Finance Minister Alexei Kudrin said that Russia 2015 will go down in full economic crisis and the decline in GDP is expected even if the rise in oil prices to $ 80 per barrel. « Today I can say that we have entered or are entering a real, full-fledged economic crisis, next year we will feel the full “?? he said ( quoted by « Interfax »).

He predicts that if prices return to a level of $ 80 per barrel, the drop in GDP of Russia in 2015 « will be between 2% and more, “if prices next year at $ 60, the « GDP will fall by 4% or more». « This is a serious challenge for the economy, for different industries, “?? Kudrin said. « For the first time in 2000 during the reign of Putin and Medvedev to reduce the real incomes of the population in the next year. The level of reduction ?? from 2 to 4.5% “?? added the former finance minister.

At the end of speech at the meeting of the Board « United Russia” the prime minister concluded that the fracture occurred in the history of the country in the past year for a long time will change the lives of Russians. « You are all perfectly represent the state in which is our country. The outgoing year, as is customary in such cases to say was not easy. Although let anyone lead me at least one example of a simple year that we have lived since 1991. But in fact, there were many troubles and joys. Year was really diverse, and for our country, what is there to dissemble, he just tipping. In fact, the whole history of our country was divided into the period before 2014 and after 2014 “?? he concluded ( quoted by « Interfax »).

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