EconomyThe expert suggested how long the economic crisis in...

The expert suggested how long the economic crisis in Russia will last

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Graffiti supporting the ruble. archive photo

RAS expert Shirov: The current crisis in the Russian economy will continue for another year and a half

MOSCOW, November 26 – RIA Novosti. Alexander Shirov, director of the Institute of Economic Forecasting of the Russian Academy of Sciences, told RIA Novosti that the current economic crisis in Russia will last for about a year and a half.

“According to our estimates, the current crisis in the Russian economy will last about a year and a half,” he said.

The expert emphasized that the countdown for the crisis started in the second quarter of this year.

“Then the recession began. But it did not happen overnight. The crisis situation developed smoothly. You see, it is impossible to collapse the economy of a huge country like Russia, which occupies one-sixth of the world.” “Two-three,” he stressed.

Expert, “Also, it is not possible to underestimate the government’s anti-crisis policy.”

According to him, we are now living in the peak period of the crisis.

At the same time, he pointed out that since the Russian economy entered the crisis quite smoothly, it will gradually emerge from the crisis accordingly. “Without socio-economic catastrophes – without a sharp increase in unemployment, without a sharp decrease in the incomes of the population,” concluded the director of the Institute of Economic Forecast of the Russian Academy of Sciences.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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