Russia ‘On the eve of getting into the recession’ Economy Minister – National

Suisine Economy is on the verge of landslide and monetary decisions, or the Minister of Economy Maxim Resholhetnikov warned that on Thursday.

Reshetnikov is not known in the northern Russian city of St. Petersburg in northern Russian, Russia, sometimes in the annual showcase economic forum in connection with an investment in the Russian economy.

As for the Central Bank’s monetary policy, the Kremlin said that 20% of the current major interest rate, but a conscious decision, he said.

Russia has cut interest rates for the first time since 2022 this month, but the debt costs remains close to record levels, and the high prices for the months have complained to high prices.

The Central Bank has maintained inflation in an extremely heated economy, aimed at the needs of military warfare Ukraine.

“According to the figures, there is a cooling, but all our figures are in the rear view mirror,” Reshetnikov said on a panel at the St. Petersburg International Economic Forum.

“In terms of existing enterprises and business indicators, we are also on the verge of going to me.”

Reshetnikov is not inevitable in a recession, and later told reporters that journalists who are avoiding one are due to interest rates, above all, first of all.

“I did not predict a recession. I said that we were brinked. It’s going out of here, everything will depend on our decisions.”

Along with the protection of Russia’s belief in 4% inflation target, Reshetnikov said that the governor of Central Bank, the governor of the same panel, “Giving a love of the economy.”

In March, President Vladimir Putin called on economic officials not to freeze the Russian economy, because high debt expenses and Reshetnikov warned the risks of “hypothermia”.

So far, the outlook does not seem to be promising.

Macroeconomic analysis and short-term forecasting center, close to the government, the most civilian sector, most civilian sector this week, he said he was in a decline and economic growth.

“It seems that the” stagnation economy “formed, wrote the” meditation center analysts “.

On Thursday, Nabiullina, the Central Bank, said that the current “extremely heated way” of the current in the growth of GDP. Finance Minister Anton Siluanov is a cooling in Russia, but “Spring is always watching a cold snap,” he said.

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First Deputy Sberbank’s First Deputy Sberbank, Russia’s first Deputy Sberbank, said that 12-14% lower interest rates are needed to restart the investment lending this week.

In February 2022, after sending troops to Ukraine, he has made the forecasts so far, so far. High defense costs have accelerated growth and kept unemployment in despite inflation. At the same time, the salary went to leave many workers better to keep the pace with inflation.

Great attractive bonuses for the deaths and death benefits of killed in Ukraine have gained more income to the poor. However, the lack of long-term, inflation and foreign investment, leaving a question of how the militant economy can last, the economy remains threats.

Economists warned about the possibility of stagnating due to the lack of investment in the sectors and servicemen.

(Reuters in St. Petersburg, Darya Corsuskaya and Elena Fabrichnaya in London; writing by Alexander Hang; andrew Osborn and Toby Chopra regulation)

Additional documents from Associated Press

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