Russia’s economy lacks factors leading to economic crisis – minister

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MOSCOW, February 17. /TASS/. Russia’s Economic Development Ministry develops macroeconomic institutions to prevent sudden and deep economic crises, Russian Economic Development Minister Maksim Oreshkin said on Rossiya’24 television channel on Sunday.

Oreshkin added that there are no systemic prerequisites for an economic crisis in the Russian economy.

“We build [Russia’s] macroeconomic institutions in such a way that the crises will not come out of the blue. The common macroeconomic structure now presupposes a lack of these systemic problems which might end up in deep crises like it was in 2008 or in 2015,” Oreshkin said.

Earlier, Spokesman for the International Monetary Fund (IMF) Gerry Rice said that the IMF believes the global financial crisis of 2008 was the worst in modern history.

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