The global economy is facing a decade of slow growth that will make it harder for countries to service debts, Russian Finance Minister Alexei Kudrin said.
“The expectation now is that growth will be weak for three to 10 years,” Kudrin told reporters late yesterday in Washington. “We’re in for a lost decade. It’s already clearer that growth rates will be low and that the fight to keep growth from dying out will take many years. Most likely, about five to 10 years.”
“The expectation now is that growth will be weak for three to 10 years,” Kudrin told reporters late yesterday in Washington. “We’re in for a lost decade. It’s already clearer that growth rates will be low and that the fight to keep growth from dying out will take many years. Most likely, about five to 10 years.”
