Crisis is over - thanks to the U.S. and Europe

Growth of GDP in Russia next year will make from 2,5% to 5%, reported today by Russian President Dmitry Medvedev ". In 2009, GDP will decline 8.7%, and may be a little more," - the president added. "The year was very difficult. He brought a lot of dramatic events. I think that all our citizens this year was not easy. The most important result - we have survived, we have continued development ", - said Dmitry Medvedev. The President of the Russian Federation in live television and radio has summed up the year." In my opinion, we have paid a relatively small price for the economic crisis, which erupted on the planet - Head of State stressed. - We managed to secure financial stability. With that there were problems. The year began very disturbing. Government, central bank had to make every effort to bring order to the financial and credit sphere. "" We have maintained social stability, we have ensured that a set of social benefits that were promised. This year we are moving to a new system of payment of pensions. We began to pay a pension at a higher volume ", - stressed the President. "The financial system is stable. It works. Inflation this year will be about 9% compared to 13% in 2008," - said Medvedev. "The official forecast of the Russian authorities for GDP growth in 2010 - from 3 to 5%," - comments Bank.ru deputy head of analytical department of Sovlink LLC Olga Belenkaya. "I think that it is real - of course, if you can avoid further external shocks. However, the most problematic is the situation with domestic demand, which can slow the recovery. Is it possible to increase the availability of credit to the economy, will decrease the unemployment rate will begin to recover whether the investment? Now, however, as worldwide demand is supported by state funds. I think next year will be no exception. In general, the GDP will grow at the expense of external demand, replenishment and government spending. But further, for a sustainable recovery, need to earn market-based mechanisms that support domestic demand. In my opinion, this happens in the best case to the end of 2010. The main reason for improvement in our country - the stabilization of the global financial system, the high prices for raw materials. Central banks of leading countries, including the U.S. Federal Reserve, European Central Bank did not give a recession to develop worst-case scenario. In my opinion, the Russian authorities' anti-crisis program was not as effective. Yes, much has been done to prevent a collapse in the banking sector, the bankruptcy of strategic companies, limit the growth of unemployment. But measures to support the real sector of the economy late. For example, the law on state guarantees earned only in the second half of this year, and it is not at full strength. Government directs large sums to save those or other companies, but in my opinion, lacks an integrated approach-designed and concerted program of restructuring and post-crisis development of our industry "- the expert believes.