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10.11.2022 (Обновлено: 18.11.2022 14:14)

EEC discussed preparing strategic documents in macroeconomics

The issues of implementing the Strategy-2025, in particular preparing the Main Directions of Economic Development until 2035, the Concept for Implementing the Green Economy Principles in the EAEU and the report on the Member States’ macroeconomic situation were discussed at the meeting of the Advisory Committee on macroeconomic policy held on November 9 at the Eurasian Economic Commission’s headquarters.

"We are experiencing a challenging situation of structural changes: serious technology and institutional shifts take place both in the global economy and our economies. But despite all the external shocks, our authorities managed to preserve macroeconomic stability", noted Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics. 

The results of monitoring macroeconomic indicators determining stability of the EAEU States’ economic development were considered as well. As it follows from the monitoring results, an improvement in budget and debt indicators was observed in most of the EAEU States in H1 of 2022. However, quantitative restrictions on inflation were exceeded in some EAEU countries in September due to unfavorable external factors. 

The Committee members approved separate proposals to improve the rules for elaborating and adopting recommendations and joint measures aimed at stabilizing the economic situation if the EAEU States exceed the quantitative values of macroeconomic indicators determining the sustainable economic development. 

The next meeting of the Advisory Committee is scheduled for April 2023 in a face-to-face format.