Bloomberg News

Ulyukayev Sees Russia Matching 6-7% Growth in Emerging Economies

March 13, 2012

Russia can catch up with the pace of expansion in other developing nations over the next three years as their economic growth slows to 6 percent to 7 percent, Bank Rossii First Deputy Chairman Alexei Ulyukayev said.

Russia must improve the quality of its institutions to unlock the country’s potential or the economy will be confined to expansion of 3 percent or 4 percent a year, Ulyukayev said in an interview with the official Rossiiskaya Gazeta newspaper.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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