Russia's Economic Slowdown May Turn Structural, Expert RA Director Says
The head of Russian rating agency Expert RA warned that the current cyclical economic slowdown engineered by the regulator could become structural, according to an interview with TASS ahead of the St. Petersburg International Economic Forum.
The general director of Russian credit rating agency Expert RA stated in an interview with TASS that the ongoing slowdown in Russia's economy is currently cyclical and a result of actions by the central bank and other regulators. However, he warned that this downturn could evolve into a structural slowdown.
The comments were made ahead of the St. Petersburg International Economic Forum (SPIEF). The interview highlights concerns about the sustainability of Russia's economic growth amid tight monetary policy and regulatory pressures.
Source: MarketTwits