 RUSSIA’S REAL SECTOR OF THE ECONOMY IN DECEMBER 2015: FACTORS AND TRENDSRussian Economic Development, 2016, issue 2, 48-51 Abstract: According to preliminary estimates of the Ministry of Economic Development, annual growth rate of GDP in 2015 has come to 96.3% in comparison with the previous year. The fall of the growth rates of the Russian economy is due to the drastic contraction of domestic demand. Investments in fi xed capital have compressed by 8.4% and the volume of the consumer market has fallen by 10% against 2014. Annual index of industrial production in 2015 has constituted 96.6%, including in manufacturing – 94.4%. Low investment demand has determined the decrease in machine building and construction complexes. Real income of the population in 2015 against the previous year has contracted by 4.0% and the real wages by 9.5%, which is due to an increase of consumer prices by 12.9% since the turn of the year. The share of poor has grown. The situation is getting worse due to the tension on the labor market. In December 2015, total number of jobless has moved up by 9.5%, the number of offi cially registered unemployed – by 12.5% compared to December 2014. Keywords: Real economy; trends; Russian Economy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:683 Access Statistics for this article Russian Economic Development is currently edited by Alexei Vedev More articles in Russian Economic Development from Gaidar Institute for Economic Policy Contact information at EDIRC. |
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