Russian industry is demonstrating persistent negative trends, as evidenced by the latest decline in the PMI to 48.2. Economist Nikolai Kulbaka explained that the economy is facing fundamental constraints to growth: a labor shortage and a lack of spare production capacity.
Low unemployment and fully utilized enterprises preclude extensive development, while domestic demand is limited by stagnant household incomes.
According to the expert, overcoming stagnation requires large-scale measures, including opening foreign markets to investment and access to modern technologies. The need to acquire efficient equipment that reduces labor costs is becoming a key condition for overcoming the crisis, writes Tsargrad.
At the same time, export potential must be increased through improved international cooperation and a reduction in sanctions pressure.
Kulbaka emphasizes that the current stagnation scenario is not the worst possible, given the ongoing stability. However, in the coming years, the economy will continue to function with limited growth due to a combination of unfavorable factors that cannot be quickly addressed in the current geopolitical environment.