The information you heard at the meetings

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The information you heard at the meetings

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held in Yaroslavl correspond to all-Russian trends?

— Yes, the picture is very close. It is clear that telegram data the structure of the Yaroslavl economy differs from the feral one, there is a bias towards the manufacturing industry. And the most drastic structural changes during the crisis occurr precisely in those industries that are associat with domestic demand, with the manufacturing industry. But in general, the picture for Yaroslavl is close to what we see in the country. And we can say that the expectations of Yaroslavl businesses for economic recovery are similar to those of the rest of Russia.

— How, in your opinion, is business recovering f

rom the “covid” restrictions? Has it return to pre-pandemic levels?

In the long term, there is a certain trend

that is determin by potential. The growth potential of it is therefore not surprising the  Russian economy is currently estimat at 1.5-2% per year. It depends, first of all, on labor productivity, business america email efficiency, the volume of capital in the economy, and the use of labor resources. We cannot influence this potential with monetary policy. But the government can stimulate its increase with measures aim at improving the investment climate.

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