Advertisement

P.M. BRIEFING : Soviet Sees No '89 Economic Gains

June 13, 1989|From Times wire services

MOSCOW — The Soviet Union's new deputy premier, Leonid Abalkin, a reformist now charged with planning economic development, said today there could be no improvement in the country's crisis-ridden economy over the coming year.

Abalkin, nominated to the post last week by Premier Nikolai I. Ryzhkov amid warnings from other economists of looming financial collapse, told the Communist Party newspaper Pravda any hope for a quick turnaround is "groundless illusion."

Advertisement
Los Angeles Times Articles
|
|
|