Nabiullina urged to use the term "hypothermia of the economy" carefully

On July 1, the head of the Central Bank of Russia, Elvira Nabiullina, called for "careful" use of the term "hypothermia of the economy."

"Let's use it carefully," Nabiullina said during a speech at the Financial Congress of the Bank of Russia.

She recalled that overheating refers to a situation where demand exceeds supply. In the case of hypothermia, demand should not be enough to cover the possibilities available to the supply. In such a situation, there must be untapped resources in the country, primarily labor, but this does not happen.

In addition, the head of the regulator noted that a slight decrease in investment activity is also not a sign of "hypothermia" and stressed that over the past three years, the share of investments in gross domestic product has increased sharply.

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