“The main challenge is to stabilize inflation without unduly cooling the economy. By the way, this is a challenge for central banks around the world, “said Kostin.
According to him, longer-term challenges are related to the adaptation of the Russian economy to energy transformation, the need to address demographic problems and ensure the availability of key advanced technologies in the country. “There are two risks: lagging behind in the development of key technologies and exclusion from the perimeter of trade in key components,” said the head of VTB.
Kostin noted that the world is currently working to diversify production and transportation chains, as well as to find a “geography” with a stable level of business, with secure energy sources at affordable prices. This process of diversification is an opportunity to fill new positions, noted the head of the credit institution.
According to the World Bank’s forecast, the global economy will grow by 3.8% in 2022, and the Russian economy by 2.8% next year, according to the October forecast.
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