Strategy of Economic Development up to 2035: Overcoming Long-Term Stagnation

Abstract

Abstract— The article discusses the key trends in Russia’s economic development. An assessment of economic growth rates for the period up to 2035 is being carried out. Based on alternative scenarios, the effectiveness of regular macroeconomic policy measures to stimulate economic growth is assessed. On the basis of econometric scenario calculations, the inefficiency of regular macroeconomic policy measures to stimulate long-term economic growth is shown. The strategic directions of economic policy are considered in order to overcome long-term stagnation.

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