Russian Economist Gives Optimistic Forecasts About Economic Situation In USA

Rather optimistic forecasts can be made about the development of the US economy now, even though the anti-terrorist operation began in Afghanistan. Deputy Director General of the Russky Aluminum company, former special presidential representative for relations with the G-7 countries Alexander Livshits declared this in the USA today. "In general, US stock indices usually go up during war time." In addition, the official stressed that George Bush had elaborated on various measures stimulating the economy of the country. For example, budget expenditures will be decreased by $40bn and tax burden - by$75bn instead of $60bn. In addition, we shouldn't forget about activities of the Federal Reserve System aimed at struggling against economic fall in the USA. "According to forecasts, economic growth is expected to resume in the country in the first quarter of 2002," Livshits added. He was quoted as saying that the world economy depends much on the USA. At the same time he emphasized that Russian financial markets "are not sensitive" to the beginning of combat in Afghanistan.