The cooling process of the Russian economy should not go to the stage of technical recession. This was stated by the head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin at Alfa-Sammit.
Indeed, we see that according to the results of the first quarter, the data is now published. The discussion is already on the topic whether we have cooled the economy very much. Because the data is already showing that we are slowly leaving for zero to the growth dynamics of the quarter to the quarter, and the year is also less than one, ”TASS quotes Shokhina.
The head of the RSPP recalled that in March at the congress of the Union he voiced the dynamics of GDP growth, which can be called the cooling of the economy – 2-2.5%.
With such an increase, it is possible to solve a wide range of problems, including within the framework of national and infrastructure projects, and lower pace – “This is already clear hypothermia,” he explained.
“When in December we met with the President, the leaders of leading companies asked the Central Bank until April to monitor the situation without raising the key rate. I do not know if the central bank listened to us or its own calculations, including the use of artificial intelligence, but so far we see that the economy is really cooling. But it is very important that we are not even in technical recession, because our enemies are already starting now To say that the rate is more than 20%, inflation -in the region of 10%, the rate of growth is striving for zero.
Shokhin also announced the inadmissibility of double -digit inflation.
“That is, 9.9% is the limit that we must provide. And with this level of inflation, the business is ready to live provided that the bet, of course, will be slightly lower,” he said.