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Risks in Russian economy to be mitigated by growing labor productivity — Novak

This should apply not merely to the industrial sector alone, the Russian deputy prime minister added

SOCHI, November 6. /TASS/. Risks in the Russian economy will be leveled up through growth of labor productivity, Deputy Prime Minister Alexander Novak told reporters on the sidelines of the Valdai Discussion Club’s meeting.

"Many sectors see the shortage of human resources. A separate task is also how to mitigate these risks, through high-skilled personnel training exactly in segments that are needed and will grow at a quicker pace, and also to provide for the increase of labor productivity on account of introducing new modern technologies, automated control system, the revamp of operating processes, modern computer technologies and software," Novak said.

This should apply not merely to the industrial sector alone, the official said. "We believe this should also cover the governance sector at the level of plants, at the level of government officials, municipal officials," he added.