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Real Economy: Trends and Factors

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  • Olga Izryadnova

    (Gaidar Institute for Economic Policy)

Abstract

In Q3 2012 the GDP growth rates slowed down to 2.8% versus 3.9% in Q2 and 4.9% in Q1 2012. In September 2012 as compared with September 2011 investments in fixed assets contracted by 1.3% and workload in construction – by 5.6%. In September 2012 for the first time in the post-crisis period growth rates in machine-building were observed to be below the average for manufacturing production and for the industry as a whole. Economic growth rates slowing down, acceleration of growth rates of the real incomes of the population by 3.8% and of the real wages – by 6.6% versus September 2011 contributes to the trend of the production costs increase due to the growth of labor remuneration costs and leads to the worsening of enterprises’ operation results. The decrease of the general unemployment to the level that is the minimum for ten-year period can be characterized as a plus.

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Bibliographic Info

Article provided by Gaidar Institute for Economic Policy in its journal Russian Economic Developments.

Volume (Year): (2012)
Issue (Month): 11 (October)
Pages: 24-28

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Handle: RePEc:gai:recdev:15

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Keywords: Real economy; trends;

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