TASS. The Russian economy could expand by 3-4% only if the labor productivity rate increases 30% by 2024, Alexey Kudrin, chairman of the Center for Strategic Research (CSR), claimed at the Russian Investment Forum.
"Into the development strategy, which we've been working on, we build a 30% rise in labor productivity by 2024, and double the rate by 2035. Our calculations show that we'll see economic growth of 3-4% only if we reach these indicators. If we are unable to raise the labor productivity rate at such a pace, we'll never see the economy growing 3-4%," he said.
At the same time, the government office's deputy chief Andrey Slepnev said that the government is now busy working out a certificate of a priority project to enhance labor productivity in Russia. "It will be discussed in detail by the Presidential Council in March," he pointed out.
The government will propose focusing on increasing labor productivity at specific major and mid-sized enterprises rather than in the Russian economy as a whole or industries. "Our target is fast and major victories, preferably rapid and major. In this connection, it is very important to focus on hands-on objectives at mid-sized and major enterprises in the regions," Slepnev noted.
Meanwhile, he assessed the odds of improving labor productivity in Russia without "space technologies" at 30-50% over the next year or two. This can be achieved by introducing new management solutions and technologies, the government office's deputy head said confidently.
