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EN
Putin: Russia Must 'Walk the Razor’s Edge'
['Marina Lebedeva', 'Lyuba Lulko', 'Amyra El-Khalili', 'Dmitry Sudakov']
PravdaReport - Russia
Putin: Russia Must 'Walk the Razor’s Edge'Russian President Vladimir Putin urged his cabinet to “walk a razor’s edge” in implementing anti-inflation measures while maintaining macroeconomic stability.
Photo: commons.wikimedia.org by Oizo (Андрей Шмелёв), https://creativecommons.org/licenses/by-sa/3.0/ House of the Russian Government“We discussed the need to adopt measures to fight inflation and strengthen macroeconomic stability.
The common view was that it is necessary to walk such a sharp edge—so as not to undermine macroeconomic policy, and not to overcool or freeze the economy,” Putin explained during an economic meeting.
Elvira Nabiullina, head of the Bank of Russia, stated that the slowdown was both inevitable and expected.
She noted that last year the Russian economy overheated, growing at an unsustainable pace.
['macroeconomic'
'putin'
'russian'
'stability'
'russia'
'growth'
'razors'
'economy'
'edge'
'measures'
'walk']