THE REAL SECTOR OF THE ECONOMY: FACTORS AND TRENDS IN Q4 2014

Olga Izryadnova ()

Russian Economic Development, 2015, issue 2, 14-16

Abstract: According to the preliminary estimates of the Ministry of Economic Development of the Russian Federation, in 2014 GDP annual growth rates amounted to 100.6% as compared to the previous year. Slowdown of growth rates of the Russian economy is justifi ed by low internal demand. Investments in capital assets fell by 2.5%, while growth rates of the consumer market slowed down to 2.5% as compared to 2013. In 2014, a positive trend was a speed-up of growth rates of industrial production to 101.7% with advanced growth in manufacturing (102.1% on the previous year). A negative factor of 2014 was a drop in households’ real income due to growth of 11.4% in the consumer price index in 2014. The situation on the labor market is getting worse: in December 2014 as compared to the previous month the total number of the unemployed rose by 0.9%, while the number of offi cially registered unemployed, by 7.5%.

Keywords: Real economy; trends (search for similar items in EconPapers)
JEL-codes: E20 E21 E22 E60 (search for similar items in EconPapers)
Date: 2015
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