MOSCOW, May 12. /TASS/. Economic dynamics are cyclical, with a period of high growth always followed by a correction. This is a normal stage for the economy, Russian Deputy Prime Minister Alexander Novak said in an interview with Vedomosti.
Russia does not view the energy crisis caused by the conflict in the Middle East as an additional source of solving its budgetary and macroeconomic objectives, he noted.
TASS has compiled the key statements by Deputy Prime Minister.
Economic dynamics are cyclical; a period of high growth is always followed by a correction, "this is a normal stage for the economy": "It is important to pay special attention to risk management to mitigate the consequences and ensure a more rapid transition to balanced economic growth."
"Inflation will approach 5.2% in 2026 and will be close to the target level of 4% starting 2027."
