In the framework of the Russian Innovations Forum, Anatoly Chubais, the head of the Russian Innovation Technologies Corporation, talked about the current situation in the Russian economy in an interview to the Voice of Russia.
“It’s a provocative question, but I will answer it. My answer is this: of course, the situation is complicated, and we have all heard the official position of the government. The word “stagnation” has been used for the first time. The planned GDP growth for this year is 1.5 percent. Unfortunately, the latest figures suggest that even that picture may seem optimistic.
Those aren’t happy figures, far from so – 1.5 percent, if my memory doesn’t fail me, is the lowest level since 1999, - Mr Chubais started off by saying. – “Many people are probably jumping to conclusions that things are hopeless, crumbling, catastrophic, and so on. No, they are not - they are neither hopeless, nor crumbling, nor catastrophic.”
In this respect, Mr Chubais explained that Russia has tools to handle the situation. He mentioned a macro-economy built by Aleksey Kudrin in which the debt-to-GDP ratio is such that the President of the United Sates, the Prime Minister of Japan, the Prime Minister of Italy, the President of France and a dozen more world leaders “can only dream about.” .... http://voiceofrussia.com
In this respect, Mr Chubais explained that Russia has tools to handle the situation. He mentioned a macro-economy built by Aleksey Kudrin in which the debt-to-GDP ratio is such that the President of the United Sates, the Prime Minister of Japan, the Prime Minister of Italy, the President of France and a dozen more world leaders “can only dream about.” .... http://voiceofrussia.com
