Circumcision of GDP: Russia's economy is too overheated

Banks Finansy07-02-2008 Circumcision GDP: Russia's economy is too overheated Russian economy is "overheated" - a diagnosis she puts the Bank of Russia through its first deputy chairman Alexei Ulyukayev. And if it is hot, then it must be cool. And the first steps in this direction have already been made. "There are some symptoms of" overheating "of the Russian economy, associated with a large consumer demand, an imbalance of revenue growth and productivity", - said the first deputy chairman Alexei Ulyukayev reporters on Thursday. In addition, he said, investment growth is not coming at the expense of private domestic funds and external sources and budget funds. "In society there is an opinion that we have insufficient economic growth, they need to improve, but it is obvious", - said A. Ulyukaev. In his view, a "cooling" rate of economic growth and banking system's assets would not be too bad. Indeed, last year, despite all the pessimistic forecasts of Russia ended a more than worthy with GDP growth of 8,1%. Poles of growth were trade, construction and engineering. Despite the fact that the growth in part made possible by oil money, the commodity sector itself grew very slowly. 8.1% - this is not so much in comparison to China, where talk of "overheating" only when the economy for several years has grown by more than 10%. However, to Russia reached more than enough, experts believe.