TASS, ST. Petersburg :
The main restrictions for the development of the Russian economy are internal, said the Head of the Bank of Russia Elvira Nabiullina, at the International Financial Congress on Thursday.
“We are clearly living now in a not that risky of a scenario. Oil prices are somewhat higher than expected; our country continues to be interesting for global capital markets. Therefore, in my opinion, the main constraints for development are domestic,” she said.
According to Nabiullina, economic growth is now around 1.5-2%, while in the first quarter it was only 0.5% with very low unemployment. “And this is the result that we will have without structural changes. Because the policy of maintaining macroeconomic stability only allows stabilizing the economy around its current potential,” said Nabiullina.
The main restrictions for the development of the Russian economy are internal, said the Head of the Bank of Russia Elvira Nabiullina, at the International Financial Congress on Thursday.
“We are clearly living now in a not that risky of a scenario. Oil prices are somewhat higher than expected; our country continues to be interesting for global capital markets. Therefore, in my opinion, the main constraints for development are domestic,” she said.
According to Nabiullina, economic growth is now around 1.5-2%, while in the first quarter it was only 0.5% with very low unemployment. “And this is the result that we will have without structural changes. Because the policy of maintaining macroeconomic stability only allows stabilizing the economy around its current potential,” said Nabiullina.
