Russia had a GDP growth of 1.3% in 2013. A round-table conference to discuss economic progress in Russia was attended by Yevgeny Yasin, a science authority of the NRU of the HSE, Ruslan Grinberg, Director of the Institute of Economy of the RAS, Natalya Akindinova, Director of the Development Center Institute of the NRU of the RAS, and Leonid Grigoryev, Chief Advisor to the Head of the Russian Governmental Analytical Center.
Grinberg believes that falling economic growth was a result of the conclusion of large projects such as the Sochi Olympics or the Kazan Universiade. He added that people aged 40-45 understood what business was all about and wanted law and order, but they just got tired of long-term thoughts because of the interference of the government. Another reason is that the population does not know where to invest. Direct foreign investments increased by 60% in 2013.
Akindinova sees problems in the economic model of the 2000s. The model stagnated in 2009 when prices reached their pre-recession level and stayed at the same level that cannot be fulfilled by over 1-1.5%. The expert gives the events of 2013 critical importance. Akindinova said that economic growth will start in 2016-2017.
Grigoryev noted that no economic catastrophe will happen as long as oil stays at a price of $100 per barrel. But he called Russia a boring country, similar to those in Latin America where people have to migrate to make a career, where the police protect the interests of the oligarchs.
Yasin is optimistic about 2013 too. He predicts that 2014 will be no different from 2013. The expert proposed setting goals for 2050, not 2014, in order to turn an industrial society into an innovative one. He warned that business will never become interested in investments in its current mood.
Russia had a GDP growth of 1.3% in 2013. A round-table conference to discuss economic progress in Russia was attended by Yevgeny Yasin, a science authority of the NRU of the HSE, Ruslan Grinberg, Director of the Institute of Economy of the RAS, Natalya Akindinova, Director of the Development Center Institute of the NRU of the RAS, and Leonid Grigoryev, Chief Advisor to the Head of the Russian Governmental Analytical Center.Grinberg believes that falling economic growth was a result of the conclusion of large projects such as the Sochi Olympics or the Kazan Universiade. He added that people aged 40-45 understood what business was all about and wanted law and order, but they just got tired of long-term thoughts because of the interference of the government. Another reason is that the population does not know where to invest. Direct foreign investments increased by 60% in 2013.Akindinova sees problems in the economic model of the 2000s. The model stagnated in 2009 when prices reached their pre-recession level and stayed at the same level that cannot be fulfilled by over 1-1.5%. The expert gives the events of 2013 critical importance. Akindinova said that economic growth will start in 2016-2017.Grigoryev noted that no economic catastrophe will happen as long as oil stays at a price of $100 per barrel. But he called Russia a boring country, similar to those in Latin America where people have to migrate to make a career, where the police protect the interests of the oligarchs.Yasin is optimistic about 2013 too. He predicts that 2014 will be no different from 2013. The expert proposed setting goals for 2050, not 2014, in order to turn an industrial society into an innovative one. He warned that business will never become interested in investments in its current mood
