the Russian economy is experiencing a “slow death” due to the fact that the government years and have not upgraded it. This writes the Polish Gazeta Polska.
the article presents the forecast of the head of the accounts chamber of the Russian Federation Alexey Kudrin that at the end of 2020, Russia’s GDP will shrink by 5%, and the rate of economic growth will be only 1% over the past 10 years, which is a negligible figure. In economic terms, Russia is a “colossus with feet of clay,” the newspaper notes.
as the main problems of the Russian economy indicate its backwardness. Russia has the potential GDP growth of 3-5% per year, but this requires structural changes to which the government over the years has not resolved.
“the Priority is funding the Kremlin’s siloviki and the oligarchs, and not the position of ordinary Russians and macroeconomic indicators”, – stated in the Gazeta Polska article.
Russia has for years been dependent on hydrocarbon exports, President Vladimir Putin was not able to rid the country of oil dependence during the super-high oil revenues. As a result, the crisis has become a structural phenomenon that is unlikely to be overcome. Taken by the authorities measures can work only in the short term, says the Polish media.
At the same time, in the near future, Russia may start to experience problems with the oil due to deposits left is mostly oil, which is difficult to obtain. It could hurt the country’s position in the oil market, and the possibilities to compensate losses due to increased supplies of natural gas it does not.
see also: Russia has stopped buying oil
