Thorny Path Out of The Crisis: The Russian Economy In 2010

Viktor Starodubrovskiy ()
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Viktor Starodubrovskiy: Gaidar institute for economic policy

Ekonomicheskaya Politika / Economic Policy, 2011, vol. 2, 56 pages

Abstract: This article contains the analysis of the main particularities and contradictions of the Russian economic development in 2010. In spite of the positive dynamics of some indicators the crisis has not been over came yet. Among the main negative factors and risks there are investment stagnation, the luck of the confidence in the future of the economic subjects, high inflation, the prevail of the capital outflow, the low level of the direct external investments, revival of the tendency of the private external debt rise, the high budget obligations and budget deficit which rises the vulnerability for the external shocks, the bad investment climate. The change of the previous considerable prevailing consumer demand rise upon GDP rise is positive. The external risks depend on the world economy development were also examined. The phenomenon of stagnations overcoming and reliability the future development depends on the new quality of the economic policy achieving with the main priorities the inflation decrease, the responsible budget policy with excluding of populism, the system of reforms which opens the opportunity to achieve the investment climate corresponding the average level of the developed economies.

Keywords: Russian economy; crisis; direct external investments; consumer demand; inflation (search for similar items in EconPapers)
Date: 2011
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