US moved with stimulating the economy to Coronavirus, which resulted in a global heap of inflation. The main culprit of world growth called the assistant to Russian President Vladimir Putin Maxim Oreshkin, RIA Novosti reports.
“The answer of the macroeconomic policy on the crisis should be proportionated by the scale of economic problems. If you have the deepest recession from World War II, then the answers must be the same in size. Here, I think Russia has found the optimal volume and size of the incentive” , – he noted. The presidential assistant recalled that the United States has two years in a row budget deficit of 15 percent of GDP.
Oreshkin also believes that the program “has extended” a Russian economy from the crisis program on preferential mortgage and direct payments to citizens and business. He added that consumer lending, supporting the growth in demand in the country, again accumulates the risks.
The global financial crisis has come in a couple of years, if world central banks will not respond to growing financial bubbles. This was previously announced the head of the State Duma Committee on the Financial Market Anatoly Aksaki. The deputy noted that the lack of a decisive response of the Federal Reserve System (Fed) of the United States can push the process.