The Russian economic growth may reach 4 percent per year after two or three years. This opinion, as reported on Wednesday, may 25, TASS,was expressed on the eve of the meeting of the Economic Council under the President of the Russian Federation the assistant to the President Andrey Belousov.
The current model of the economy, recognized Belousov, a fully exhausted. “To squeeze, to squeeze out of it more than 1-2 per cent of growth is practically impossible. But if and really, to anything good it will not. New bubbles, and then a new downturn. So, we need to look for new sources of growth, we need to create mechanisms that implement these sources of growth in order to ensure that the growth rate of 4 percent,” said assistant to the President.
Belousov also highlighted the need to address non-oil budget deficit, because otherwise, he said, when the level of oil prices to $ 40-50 per barrel, Russia will eat into reserves. “In order for this situation to emerge, the deficit should be reduced. It is the task of the future,” he said.
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