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World economy sees adjustment of growth rates, not crisis - Ulyukayev

October 06, 2011, 13:47 UTC+3
“This year we have not a crisis or recession, but an adjustment of economic growth rates,” he said
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MOSCOW, October 6 (Itar-Tass) —— The world economy is experiencing not a crisis, but an adjustment of economic growth rates, the first deputy president of the Bank of Russia, Alexei Ulyukayev, told the investment forum Russia Calling.

“This year we have not a crisis or recession, but an adjustment of economic growth rates,” he said.

Ulyukayev believes that this is a result of “poor quality of monetary and fiscal policies in a number of countries.”

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