Recovery of the Domestic Market: Production of Goods and Services in H1 2021

Восстановление внутреннего рынка: производство товаров и услуг в первом полугодии 2021 г

Olga Izryadnova (), Kovaleva Marina and Stavseva Alexandra
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Kovaleva Marina: Russian Presidential Academy of National Economy and Public Administration
Stavseva Alexandra: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 8, 9-16

Abstract: The dynamic expansion of production and investment demand were a feature of the economic recovery in the current year. The structure of goods production was formed with the outpacing growth rates of manufacturing economic activities relative to mining and the services sector-under the influence of overcoming the decline in transport, logistics and social infrastructure. Undoubtedly, the dynamics and structure of foreign trade turnover had a positive impact on the state of the economy, in the conditions of changing world market environment. The expected economic recovery in 2021 will compensate for the negative consequences of the epidemiological crisis of the previous year in production and significantly reduce the tension in the labor market.

Keywords: production sector; manufacturing; mining; social services; transport infrastructure (search for similar items in EconPapers)
JEL-codes: E23 L60 L80 (search for similar items in EconPapers)
Date: 2021
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