"Instability of macroeconomic indicators can significantly reduce the potential of the EEU," Chairman of the Board of the Center for Strategic Research (Russia), Aleksey Kudrin said today at the XI International Conference of the Eurasian Development Bank.
All countries of the Eurasian Economic Union are facing a number of challenges following the devaluation of the ruble in Russia. Mutual trade has fallen by almost a third.
This particular challenge has shown that the instability of certain macroeconomic indicators can significantly reduce the capacity of the Union countries. Aleksey Kudrin is sure that this measure should be paid special attention. After all, the development of trade is a driver of economic growth.
"Today, all countries make decisions about implementing new technology programs and concepts, which should allow countries to retain their positions. It is desirable for us to keep the pace," Aleksey Kudrin said.
Former Russian Finance Minister assures that there is a need to create a continuous model of innovation economy. Every year it is necessary to provide a new model of production. Indeed, in modern conditions the winner is the one who creates a model of constant change, he said.