“They don’t consider the situation a dead end”

Economist Dmitry Prokofiev analyzes the main signals from SPIEF

At the St. Petersburg Economic Forum, officials talked about sustainability, growth and new opportunities. But is the Russian economy really developing or just maintaining its own stability?

Economist Dmitry Prokofiev analyzes the main signals from SPIEF:

government optimism, China's role in the new economic model, rising prices, the situation with gasoline, the damper mechanism and the prospects for the Russian economy in conditions of prolonged isolation. Why don’t the authorities consider the current situation a dead end? How does a system that provides stability without economic growth work? Can rising prices for goods and fuel change public sentiment? And why, according to Prokofiev, did the current model take decades to create and not appear after 2022?

The conversation also touches on the impact of oil prices, the situation around the Strait of Hormuz, dependence on Chinese technology, the future of the Russian auto industry and the role of the state in the distribution of resources. The guest of the broadcast is economist Dmitry Prokofiev. See the full analysis of the main economic results of SPIEF.