Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
Maria Sharapova reaches Porsche Grand Prix semifinalsSport April 28, 17:50
MOSCOW, October 21 (Itar-Tass) — It is unreasonable to expect stable growth of the world economy at the level of 3-4 percent a year, Russia’s presidential aide Arkady Dvorkovich said on Friday.
“I am afraid it is unreasonable to expect it, unfortunately, there is a forecast of a slow growth period for the world economy, perhaps at 1-2 percent a year for next 5-7 years,” he said.
For Russia this would mean low growth of demand for our goods, as “they are mostly energy and raw materials.”
“If nothing is dome, we shall face low pace of the economy’s development,” Dvorkovich said. “Naturally, it would affect all criteria: the budget policy, the criteria of the social development and everything connected with the financial sector.”
In this situation, he continued, it is necessary to realise, what additional options Russia has. They are connected with expanding of business initiatives at the level of small and medium businesses, with growth of state demand for major companies and with more active participation of the state in development of infrastructures.
“However, the most important thing is whether we may expect change of attitude from all authorities to the objectives set; I cannot seen anything more important as yet than improvement of motivation,” Dvorkovich concluded.