Russian economists argue that the causes of the financial crisis are still likely to be shaken

Source: Internet
Author: User
Keywords Root
Tags cost development economic economics economy financial financial crisis higher
Moscow, January 19 (Xinhua) Russian economist held a roundtable here 19th, said that the current financial crisis in general has been basically overcome, but its root causes have not been eliminated, the world economy will still be in the future shocks.  Eugene Gueny Asin, director of scientific research at the Russian Academy of Higher Economics, says the current crisis has not been eradicated, especially with low-cost loans, which, while stimulating growth, have quickly depleted development resources, first hitting the U.S. economy and then spreading to the world.  Yasin predicts that the economic turmoil could take another 15-20 years before it can enter a smooth period of development, requiring a major breakthrough similar to the Internet or mobile phone technology. Cheil Gulvich, president of Russia's "crisis appraisal" economic Club, said the financial crisis was more serious than expected, but the time to get out of the crisis was more optimistic than expected.  He said that the premature overcoming of the crisis could lead to a failure to understand the real causes of the crisis and to try to establish effective means to prevent it from repeating itself. Chergues Prihodiko, the executive director of the Russian Economic Research Institute in Transition, said that in the foreseeable future, Russia's economic recovery is still relatively difficult.

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