Novak pointed out the peculiarity of the development of the economy after a period of high growth

A period of high economic growth is always followed by an adjustment, often accompanied by a structural transformation. This is a normal stage in which special attention should be paid to risk management, Russian Deputy Prime Minister Alexander Novak said on May 12.

"It should be borne in mind that economic dynamics is cyclical — after a period of high growth, there is always an adjustment, often accompanied by a structural transformation. This is a normal stage for the economy. It is important to pay special attention to risk management in order to mitigate the consequences and ensure a faster transition to balanced economic growth," he said in an interview with Vedomosti newspaper.

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