The experts of the Higher school of Economics (HSE) Russia warned that the state’s economy when it does not grow, rots, thus losing their chances for the resumption of growth. For the presidential elections 2018, the aggressor might face the problem of the “lost decade”, writes Prime.
“The situation in the Russian economy in recent months can be defined as a delicate balance with the sign “minus”… If GDP in 2016 will be just 1.3% higher than in pre-crisis 2008 (and it still will be, if you believe the consensus of independent professional economists), just in time for the 2018 election may be the theme of a “lost decade.” The problem of insufficient budgetary resources to Finance commitments has arisen now,” the study says.
In June of this year, depression was observed in almost all sectors of the Russian economy. The exception was industry and wholesale trade.
Economists also believe that a small increase in GDP recorded in the second quarter of 2016 is not a change of direction of the economy, but only temporary. Although the aggravation of the crisis phenomena in the economy, experts do not expect, but prospects for a sustainable recovery of growth are presented to them is highly questionable.