Putin called obstacles to overcoming the consequences of the 2008 crisis

The President of Russia Vladimir Putin at the informal meeting of BRICS leaders on the sidelines of the G20 summit in China, said that “so far, unfortunately, has not overcome the effects of the financial crisis of 2008-2009, global growth is still uneven and very fragile.”

“According to forecasts, the pre-crisis level the pace of development will be released no earlier than 2019. Among the limiting factors is the volatility of the currency and commodity markets, inconsistency of monetary policy measures, high debt in developed economies,” he listed Putin (quoted by “RIA Novosti”).

According to the President, Russia supports China’s actions to stimulate the global economy, primarily due to the implementation of modern technologies.

Earlier, speaking at the G20 summit, the Russian President said that while many world leaders indicate problems, “today there is a slow but positive economic recovery”.

“As for our country, we evaluate our efforts as insufficient and modest,” said Putin, adding that the Russian economy is “finally stabilized”.

Chinese President XI Jinping at the meeting with Putin at the G20 summit said that Russia plays an important role in facilitating the sustainable development of the world economy.”