The 2008 inflation rate “that apparently will rise above 10.5 percent, even approaching 12 percent” is a fundamental risk factor for the economy, Chubais warns.
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Economy At Risk Of Overheating, Energy Boss Warns
The Russian economy is at risk of overheating, and there is no need to speed up its growth, Anatoly Chubais, CEO of RAO Unified Energy Systems of Russia...
The Russian economy is at risk of overheating, and there is no need to speed up its growth, Anatoly Chubais, CEO of RAO Unified Energy Systems of Russia, told an online conference hosted by RBC on Wednesday.
He described Russia’s annual economic growth rate of 7-8 percent as “a huge success for the country as a whole.” “I think the problem is not to maintain this level but to ensure a balanced and comprehensive growth,” Chubais said, noting that spiraling inflation was one of the major obstacles in the path of high quality, sustainable economic development.
The 2008 inflation rate “that apparently will rise above 10.5 percent, even approaching 12 percent” is a fundamental risk factor for the economy, Chubais warns.
The 2008 inflation rate “that apparently will rise above 10.5 percent, even approaching 12 percent” is a fundamental risk factor for the economy, Chubais warns.
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