MOSCOW, Feb 25 (TASS): Low investment activity of business is holding back growth in the Russian economy, according to the report on the economic situation in Russia, prepared by experts of the Russian Presidential Academy of National Economy and Public Administration (RANEPA) in cooperation with the Gaidar Institute.
"The recent decisions of international rating agencies that are favorable for Russia are based primarily on the macroeconomic indicators it demonstrates. Judging by the President's State of the Nation Address to the Federal Assembly, the goal of preventing it from deteriorating is still considered one of the most urgent.
However solving another vital task - growth at the expense of growth of investment - raises many more questions," the report said.
This is due to the weak investment activity of the business, the experts wrote, noting that therefore, sharp reaction of the business to events around Baring Vostok investment fund is understandable.
At the same time, the price of both improvements and deterioration of the quality of the internal business climate only grows as traditional for Russia external sources of income for objective (market, technology) or subjective (geopolitical) reasons are under increasing pressure.
Low investment activity hinders Russia’s economic growth
FE Team | Published: February 25, 2019 22:57:40
Low investment activity hinders Russia’s economic growth
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