Surprising words of the Russian minister. He admitted what the state of the Russian economy is
The Russian Minister of Economic Development Maksym Reszetnikow was a guest of one of the panels at the International Economic Forum in St. Petersburg. During the discussion, he referred to the question, “whether there is a supervisory in the Russian economy.”
Russian minister directly about the state of the economy. “We are on the verge of recession”
– According to data, we have a slowdown, but all our data is basically a rearview mirror. According to current feelings of business and indicators, it seems to me that we are already on the border of entering the recession – said the Russian minister quoted by the Russian financial service of the RBC.
– Will we not fall? Lord, as the Minister of the Economy, let him say something optimistic. Because the whole internet will write “Restynikov prophecy the recession” – asked the leader of the panel Andrey Makarov, chairman of the Russian Duma Committee for Budget and Taxes.
– I didn't propose. I said we were standing on the border. It all depends on our decisions – added Maksym Reszetnikow.
The Minister of Finance of Russia calms down: Summer always comes after cooling
In the panel, the Minister of Finance of Russia Anton Siłuanow and the head of the central bank of Russia Elwira Nabiillin also took the floor. They both expressed milder positions.
“I would say we have cooling down, but after cooling it always comes summer,” said the head of the Ministry of Finance. – In other words, it's coming out of overheating. […] The demand economy was growing with us, and the supply economy could not keep up – hence overheating and inflation. It's quite simple – said Elwira Nabiullin.
