RUSSIA’S REAL SECTOR OF THE ECONOMY IN JANUARY͵- APRIL 2016: MAJOR FACTORS AND TRENDS

Olga Izryadnova ()

Russian Economic Development, 2016, issue 6, 13-17

Abstract: According to preliminary data released by Rosstat, in Q1 2016, Russia’s GDP constituted 98.8% (97.2% a year earlier) against the corresponding period of the previous year. Downward trend in domestic consumption persists although the slump is losing its grip on the economy. Growth in agriculture and the extraction sectors remains unchanged. The chemical industry posts very high dynamics in the manufacturing sector. A low investment demand amid simultaneous contraction of consumer demand on engineering products hampers potential of its growth. The level of general unemployment in April 2016 came to 5.9% of economically active population with 5.6% at end of 2015. The burden of jobless on available vacancies is growing in the wake of gradual growth rates of unemployment.

Keywords: Real economy; trends; Russian Economy (search for similar items in EconPapers)
JEL-codes: E20 E21 E22 E60 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://iep.ru/files/RePEc/gai/recdev/recdev-2016-6-659.pdf Revised version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:recdev-2016-6-659

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.
Bibliographic data for series maintained by Olga Beloborodova ( this e-mail address is bad, please contact ).