The head of the Ministry of economic development Maxim Oreshkin told how, in his vision, will be the future of the global economic crisis.

Speaking at the meeting of the discussion club " Valdai ", He said that through price increases and limit productivity in world trade will be a slow economic increase. The prices will not decline.

He emphasized that the problems in the economy will not involve the capital adequacy of credit institutions or problems in the financial sector.

"This is the reverse unwinding of the tangle of globalization. This lowering of the General efficiency of production and productivity worldwide due to the fact that value added chains, which were placed in the most effective way, begin to drift toward less productive ", - explained the head of the Ministry.

Oreshkin has noticed that the future of a global crisis Russia is ready better than the situation of 2008 or fall of oil prices in 2014.

"we have a fiscal rule, inflation targeting, a floating exchange rate ", - noted He.

according to his statement, for the Russian Federation the main "distribution channel and the global economic slowdown" will be the price of commodities.

"But Russia also has some in stock. From the standpoint of commodity prices is much more vulnerable Saudi Arabia. For this reason, there is a consensus to curb production volumes for long-term balancing market. For this reason, there are certain risks, But they are incomplete because of our greater willingness to all these scenarios, " - said the head of the Ministry.

Oreshkin also said that the vector of the global economy in the coming year will ask the unpredictability of trade negotiations between the US and China.



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sections: Politics