Experts: Russia's economy faces a threat of new recession

Experts: Russia's economy faces a threat of new recession Rector of the Academy Vladimir Mau: "The Russian economy has much in common with the Soviet end of the 1980s"
December 29, 2017 09:15
Experts: Russia's economy faces a threat of new recession

Baku. 28 December. REPORT.AZ/ The current situation in the Russian economy testifies to its unpreparedness to overcome stagnation and even raises the question of a possible new recession.

Report informs citing the TASS, it is said in research "Comments about the state and business", prepared by institute "the Center of development" of the Higher school of economy (HSE).

"Either way, there is a slowdown in investment growth. Slowdown in industry and economy, even in regressions, doubts the full economic growth. All the talks about it were wishful thinking “, - noted in report.

As experts note, the growth of investment activity in the economy, which was 4.2% in January-September, in the third quarter of the year seriously slowed down or even became negative, taking into account seasonal factors.

Rector of the Academy of National Economy under the Government of the Russian Federation Vladimir Mau said that, Russia is experiencing a structural crisis: “Investment activity has started to decline since 2012. Economic growth potential lost in the second half of the 2000s. The Russian economy has very similar features with the Soviet economy. The problem is related to the effectiveness of technology and institutions. An adequate business environment should be established in the country and the quality of human capital should be increased”.

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