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World economic crisis: consequences for Russian economy

Author

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  • Gaidar, Yegor

    (Gaidar institute for economic policy)

Abstract

Spring-summer 2008 fashion were publications that the global economic crisis will not be a recession in the US economy is unlikely that even if it happens, economic growth will not change that, because of increasing demand for energy products in China and India fall prices are unlikely. The reality turned out to be tougher Actually the mortgage crisis in the United States, of course, was not the cause but a cause to a global economic slowdown. However, the fact that the recession in the United States have over the last century, a major impact on the growth of the global economy - that's a fact. Whatever the economic problems faced neither the United States, with them have to be considered as the global economy, including Russia.

Suggested Citation

  • Gaidar, Yegor, 2009. "World economic crisis: consequences for Russian economy," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 37-46, August.
    • Handle: RePEc:rnp:ecopol:0942
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