Putin era - while raising social standards

Finance Minister Alexei Kudrin, speaking at the 11 th International Scientific Conference on Economic and Social Development in the Higher School of Economics, Vice-Premier, as always, decided to talk about the bad. According to him, the world's second possible recession. "Although someone has said that it would not be the second recession, and maybe it will be called the second crisis. Today this opinion while a minority of economists, but we are in this uncertain situation do not yet know how to go away, or how to unleash those Sites that have been established ", - Kudrin believes. He noted that the first signs of economic recovery emerged, but they are not stable. Those improvements, which is linked to low interest rates and huge infusions of money into financial markets. In particular, this also carries a strong growth in the stock markets, said Kudrin. "But it is obvious that the risks of inflation rates will rise, and all day waiting for this moment", - says Minister of Finance. He asked rhetorically: "How will the actual dynamics: Will cut rates even before the motor will earn the world economy, will reduce a fiscal package, and reduce budget deficits before, how to earn real final demand?". The unequivocal answer to this question is no, "Kudrin said. According to him, it all depends on the U.S. and leading European countries, all looking at them, including Russia. It is very important to understand how these states will reduce the budget deficit. This year completes a decade of economic growth and reforms, which were held recently. "Perhaps this time, this decade may be called differently: the era restoration of the Putin era, the era of increasing social standards", - Kudrin said. From 2000 to 2010 Russia's GDP grew by 68%, industrial output - by 47%, real disposable income increased by 2,6 times, the real value of wages - in 3,3 times, pensions - in 3,1 times. "Russian citizens have a better life," - said Kudrin. He explained that the poverty rate fell by half. So, below the subsistence level is now 14% of Russians, and in 1999 - 28%. In this case, Kudrin noted that "90 years, we, like some other countries may call lost in terms of volumes and economic growth, deteriorating economy." "Unfortunately, and 2000's were not those years when we would have created a fundamentally new basis for the future economy," - declared the minister.