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Rosbalt

Grigory Yavlinsky: Russia's economic growth to amount to 2% this year

April 5, 2002

Moscow. April 5, 2002. Russia's economic growth will amount to 2% this year, stated the leader of the YABLOKO party Grigory Yavlinsky at a press conference today. Yavlinsky thinks that inflation will be higher this year than last year, however, owing to the considerable hard currency reserves of the Central Bank (USD 36 bln) the rouble will not depreciate significantly against the dollar. Yavlinsky is in general satisfied with the results of the economic reforms of the past two years in Russia. "We have almost reached the income level before the 1998 crisis," he noted. However, Yavlinsky noted that the main problem for Russia's economy is the absence of a clear economic strategy. "Today Russia's economy obeys both market laws and the laws of the planned economy and "other concepts", stressed Yavlinsky.

Rosbalt, April 5, 2002

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