The debate about whether leverage is needed is a debate about food. When people begin dying from obesity, it’s possible to debate about whether food purveyors are needed. Very large companies in Russia had quite a strong appetite. Now they’re forced to go on a diet.
Russia will be among the ten largest economies in the 10-year horizon. Its exact spot in that list will depend upon how well government and business are able to diversify the economy and foster societal development based on information.
Russia experiences waves of love and hate. Either people are running en mass run to invest in Russian securities, or they’re fleeing, saying it isn’t worth it and Russia should be excluded from the list of appealing countries.
The decision by the G20 countries regarding cross inspection of one another marks the beginning of new global control mechanisms. This will indicate whether we can move beyond the previous model.
You should make the consumer fall in love with you. Only then will you be a success!
Given the right policies, Russia will be able to achieve a lowering of lending rates. Peoples’ incomes, meanwhile, will continue their gradual growth.
I’m sure that we will start recovering the level of foreign direct investments that was reached before the crisis, and the amount of foreign direct investments will reach $60–$70 billion in the coming two–three years.
There will be market growth that will last for some time, but I don’t think the third world economies will see this kind of growth. Chinese growth depends on exports, but the Americans are spending less. The Chinese have increased investments in their own production, but they should focus on internal consumption rather than exports.
We need to use the chance given by the crisis to reduce inflation, reduce lending rates, to create so-called long money.
We are going to see credit and inflationary risks – problems that can restrain economic growth.