Economic Situation in the Far Eastern Federal District in 2016

Olga Mikhailovna Prokapalo (), Artyom Gennadyevich Isaev () and Marina Gamilovna Mazitova ()
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Olga Mikhailovna Prokapalo: Economic Research Institute FEB RAS
Artyom Gennadyevich Isaev: Economic Research Institute FEB RAS
Marina Gamilovna Mazitova: Economic Research Institute FEB RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2017, issue 2, 138-173

Abstract: Based on current statistical information the article analyzes conditions and trends of socio-economic development of the Far Eastern Federal District in 2016. The situation is compared with national average trends. The paper shows that socio-economic situation in the Far Eastern Federal District remains unstable and is characterized by the following trends: falling growth potential of industrial production with continued weak positive growth resulting from the growth in extractive industries; stagnating production in processing industries as a result of reduced investment due to restricted access to international financial resources and increased price of borrowing; continued negative dynamics of investment activity due to completion of large investment projects and slow development of new investment initiatives; continued negative dynamics of foreign trade; continuing sharp decreases of exports due to falling global oil and gas prices; reduction of imports across main import groups with the exceptin of machines and equipment; decline of real wages and household income

Keywords: ìonitoring; GRP; industrial production; investments; inflation; incomes; migration; foreign trade; Far Eastern Federal District (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2017:i:2:p:138-173

DOI: 10.14530/se.2017.2.138-173

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