Global markets have generally recovered from the effects of the COVID-19 pandemic, and the Russian economy has not only returned to pre-crisis levels, but exceeded it. Such a statement on Friday, December 10, was made by the Prime Minister of the Russian Federation Mikhail Mishustin.
Thus, good indicators are recorded in the field of non-energy exports.
“This year it is expected that its volume will be over $ 180 billion. And this will be the highest figure in the last three years, ”the Prime Minister said during his speech at the international export forum“ Made in Russia ”.
At the same time, he drew attention to the fact that the balance in foreign markets has not yet been found, despite the positive trends in the economy.
“It is important that the increase in export supplies has exceeded the pace of world trade. But even in a positive trend, the situation requires close attention and control. The balance in foreign markets has not yet been found. We are witnessing sharp fluctuations in the price environment, ”Mishustin said.
According to him, turbulence remains in trade policy, and local deficits of goods are observed. In addition, the risks of strengthening protectionism remain relevant.
On December 7, Russian President Vladimir Putin pointed out that the economic dynamics of Russia is generally positive. He stressed the need to achieve an increase in real incomes of citizens by no less than 2.5%. According to the Russian leader, the main problem for the economy at the moment is the rise in inflation. The head of state noted that the rise in prices is global in nature.
At the same time, on November 30, Putin said that the pace of global economic recovery is questionable due to the new strain of the Omicron coronavirus. He added that the growth of budget deficits and global inflationary risks in the world persist, among other things, due to the extremely soft monetary policy (MCP) of a number of countries.
Earlier, on November 25, Mishustin pointed out that some Western countries are using unfair competition in order to maintain their dominant positions. He stressed that some countries are trying to promote “green” protectionism by introducing additional taxes and administrative barriers to international trade.
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