Economist said Russia could not get out of the 2008 crisis

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Georgiy Ostapkovich, Director of the Market Research Center at the Higher School of Economics, said that Russia has not yet recovered from the 2008 economic crisis. He talked about this in a conversation with . URA.RU.

“The crisis collapsed the country’s economy. Our average annual growth rate from 2009 to 2022 is 1.3-1.4. Incomes started to decrease in 2014. Now in 2023, the income volume decreased by approximately 6-7 percent compared to that period. The salary fund has not yet it has not come out of the crisis and salaries are paid from profits,” Ostapkovich explained.

He added that the real income of the population has not yet reached the rates before the 2008 crisis. During that period, real incomes increased by 12 percent and inflation was 10 percent.

Before that, VTB chairman Andrey Kostin in an interview with RBC statedHe said that there are no prerequisites for a new global economic crisis yet.

According to him, he does not see a global problem in the economy so far, but this does not mean that there will be no crisis.

Previously Mishustin in the name Avoid excessive optimism.

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