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Business / Finance

News: ... compared the situation in the Russian economy with the situation in the USA in the 80s

Banki.ru: monitoring of the banking press 19.09.2017 at 06:40

Banking and financial news on the website Banki.ru

The Minister of economic development of Russia Maxim Oreshkin called the current situation in the Russian economy like the U.S. economy in the first half of 1980-ies. This was reported by the press service of the Ministry.

As noted by Minister of economic development, during these years the us economy experienced low and stable inflation, which was followed by a 27-year-old positive credit cycle.

"the Total debt burden in the Russian economy is quite low. And we can expect a long credit cycle", — quoted Maxim Oreshkin, the press service of economic Ministry.

the Minister also stressed that in this case, the government and Central Bank will be challenged how to make this loan cycle is positive for economic growth. "This means more concentration on the corporate and investment lending, development tools like a mortgage", — said Maxim Oreshkin.

the head of the economic Ministry said that the government is already implementing measures to support investment development, including the project Finance and programme "infrastructure mortgage", which aims to increase and support private investment in infrastructure.

Earlier the Minister of economic development of Russia Maxim Oreshkin said that the exchange rate of the ruble in 2018-2020 will be stable, despite the persistence of sanctions and the projected decline in oil prices.

Svetlana KORZINKINA