Showing posts with label Crisis. Show all posts
Showing posts with label Crisis. Show all posts

Out of the recession - not the end of the crisis, and respite in the fight with him

Today's situation is out of World economy from a local recession - not the end of the crisis, but rather an opportunity to discuss further ways out of it, according to National Economy Academy under the Government of Russia, professor Vladimir Mau. «It seems that the crisis will last many years. Statements that the crisis ends, not entirely correct. A local recession, probably finished, but this crisis will cover, in my opinion, a much longer period of time », - he said at the« round table »Wednesday in Novosibirsk.

Mau said that the general downturn in the economy of Russia in the past three months had stopped, but «it is still nothing says». «The real sustainable trend can say, if the positive rate of quarterly, preferably two or three blocks», - said the rector. According to him, the current situation - an occasion soon to discuss what to do next, what measures of support for the economy are needed. «The current economic recovery may be compared with the fact that« patient »breathes, not because he could breathe, but because he still has oxygen bag. Therefore, an important question - how much it can go on measures of state support. It is still unknown what are the consequences of withdrawal of these measures, and will not die if «patient» », - said Professor Mau.

In his view, continuing the current economic crisis is less painful, but much more intellectually complex than with the crisis of 90 years in Russia. «We often compare this crisis with a 90-mi years. Of course, those years were extremely socially painful. GDP fell than 10% and 40%, unemployment was higher in the first year was a four-digit inflation. But intellectually the crisis was much more simple. What to do with inflation and budget deficits - dozens of countries have passed through it, who successfully who is not », - said Mau.

He called the crisis that began in 2008, an enormous intellectual challenge for economists all over the world and noted that many phenomena encountered at the present time, no one has encountered ever before.
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