The situation with rising inflation in Russia is partly a payment for the openness of the economy. This was announced on Wednesday, December 22, by Prime Minister Mikhail Mishustin at a meeting with members of the expert council under the Russian government.
The Russian Prime Minister noted that the government is aware of the rise in prices, and inflation in the country is mainly imported.
“The macroeconomic parameters by which governments and other countries live are violated by many countries. Emission [проводимая в других странах], which quite unexpectedly can stimulate consumer demand and come unexpectedly to the country, “Mishustin said, pointing out that this is” a payment for the openness of the economy. “
As measures to combat inflation, Mishustin named tasks related to import substitution and building the potential of the domestic agro-industrial complex.
On December 20, David Knight, the World Bank’s chief economist for Russia, announced the risks to the Russian economy, among which he singled out a pandemic, rising inflation, the possible imposition of sanctions and the transition of Western states to renewable energy sources.
This statement was commented on to Izvestia by Maxim Biryukov, senior analyst at Alfa Capital. He pointed out that the threats to the Russian economy, which were announced at the World Bank, can be divided into local and long-term. For example, inflationary pressures are expected to decrease in 2022, so this factor will drop out of the list of threats to the Russian economy.
On December 7, Russian President Vladimir Putin pointed out that the economic dynamics of Russia is generally positive. He stressed the need to achieve an increase in real incomes of citizens by no less than 2.5%. According to the Russian leader, the main problem of the economy at the moment is the rise in inflation. The head of state noted that the rise in prices is global in nature.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
