The Russian economy has occurred myocardial infarction adviser to Putin
The Russian economy has occurred myocardial infarction adviser to Putin
© Reuters
Glazyev criticized the rigid policy of the Central Bank of the Russian Federation.
Russia’s economy is in critical condition. Tough policy of the Central Bank of the Russian Federation is not helping her “heal” is not conducive to lower inflation and a rise in investment activity.
On this day, November 22, at the forum “Trap “a new normality” (the term used to denote low growth in the post-crisis period) in the Financial University in Moscow said the Russian President’s adviser Sergei Glazyev, says RBC.
Read also: head of the Central Bank of the Russian Federation stated about the extremely slow recovery of the Russian economy
“Our macroeconomic system is like a patient with myocardial infarction. We are in this trap are from 1992, we began to implement the doctrine of market capitalism, widely known as the “doctrine of the Washington consensus,” – said Putin adviser.
Glazyev noted that the Central Bank for two years conducts a tight monetary policy and withdrew from the economy about 5 trillion rubles. The reduction in real money supply will continue in the future, he said. In this case, to achieve lower inflation and a rise in investment activity, according to presidential adviser, will be impossible.
Advisor to the President of Russia stressed that the whole world is going the other way – quantitative easing policy, which includes negative interest rates.
See also: the well-being of the world’s population has grown. But the Russians, the Ukrainians, the Argentines and the British are poorer
“It’s not because they are fools and we are smart. The whole thing Vice versa. They are not dogma, and the dogma we. They are realists, they understand that the economy needs new money, new loans in order to ramp up production of the new technology plan,” – said Glazyev.
Meanwhile, the Russians have increased utility rates.