Conference in Davos and future of the Russian economy

Share this postShare on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someone

The World Economic Forum 2015

The beginning of 2015 was marked by the so-called Sberbank business breakfast. It is how Davos World Economic Forum was called. The most intensive question exciting today that concerns the entire population of the Russian Federation is: what is the future of the Russian economy during the global crisis? One of the first volunteered to comment on the situation was Igor Shuvalov, who holds the position of First Deputy Prime Minister. He began his speech with the disappointing news that the Russian economy would get worse. However, he immediately hastened to reassure colleagues that development of new anti-crisis programs was continuing and that Russia was actively seeking business partners in the East. The Government will fight for the stability of power on the world stage – said the representative of the authorities.

Despite the rather convincing speech by Mr Shuvalov’s, it did not produce the desired effect. The price of oil continues to decline, while the unemployment rate is rapidly increasing. It is worth noting that at the moment factors that can affect the evaluation of the black gold on the world market are not available. Attempts to increase the volume of exported products at lower prices have led to food crisis. Russians complain of daily price increase in food stores, including essential commodities.

In his speech, First Deputy Prime Minister stressed that the Russian people are patient and enduring, and therefore ready to support their leader and go through another crisis. However, according to statistics of the world’s experts, the level of public confidence to the new government policy in January 2015 has dropped significantly, causing a powerful outflow of economically active citizens of the country. In the higher circles people confidently say that by doing so residents are trying to get away from the problems. But what kind of problems the government keeps being silent about, keeping in people’s minds a full sense of leaders of the country have simply not defined yet with what they are struggling.

In fact, evolution and optimization of its activities abroad will be a competent solution for active citizens, whose time is too valuable to wait for the results of the crisis, which are too unclear, at the moment, and remain only in words of politicians.