Analysis of the Key Factors of Growth of the Russian Economy in the Context of Negative External Economic Conditions

Evgeny A. Vasyukov ()

International Trade and Trade Policy, 2020, issue 4

Abstract: In the context of a slowdown in global growth rates and under unfavorable foreign policy conditions, special attention should be paid to protective measures to stabilize the growth of the country's GDP. It was noted that not only the measures applied by the Central Bank, but also the level of communication with financial market participants have a significant impact on the formation of long-term expectations. It is shown that these factors significantly affect international capital flows and, as a result, the Russian economy. The conclusion is made about the need to stimulate domestic sources of economic growth in the context of international economic turbulence, the need to introduce a comprehensive package of measures using elements of both fiscal and monetary policies. The methodological basis of this study is the principles of a systematic comparative analysis of the interaction of market forces. The novelty consists in a comprehensive assessment of the state of sources of growth of the Russian economy in 2017-2018. in conditions of instability in the financial and economic sphere, and in identifying non-obvious factors that have a significant impact on economic growth rates. The main provisions, practical conclusions can be used to develop and implement monetary policy in the face of negative expectations from investors with the subsequent tightening of US monetary policy.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:341

DOI: 10.21686/2410-7395-2019-4-181-194

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