The prediction of a lost decade in the global economy is quite positive, given that it has not stagnated. About this “Lente.ru” declaration economist, CEO of the analytical agency “BusinessDrom” Pavel Samiev.
When terms such as “a lost period” are mentioned, it means that there is no fundamentally qualitative improvement in the economy. Technological, structural. Only very low growth rates, recession. “The lost decade means that there will be no major crises, no major shocks,” Samiyev said.
According to him, the crisis that will affect most countries will unfortunately come again. At the same time, the main epicenter of these events will be Western countries.
He added that due to the sanctions, Russia was cut off from Western markets, which resulted in a hedge against the economic shocks affecting the West. However, losses cannot be completely avoided as the crisis will continue to affect commodity markets, which will affect the country’s oil and gas revenues.
Earlier on Tuesday, Indermit Gill, World Bank Chief Economist and Senior Vice President Development Economics declarationThe “lost decade” in the world economy may come. This will have a bad effect on solving pressing problems: chronic poverty, income inequalities and climate change.