IDEAS home Printed from https://ideas.repec.org/a/gai/recdev/683.html
   My bibliography  Save this article

Russia’S Real Sector Of The Economy In December 2015: Factors And Trends

Author

Listed:
  • Olga Izryadnova

    (Gaidar Institute for Economic Policy)

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.

Suggested Citation

  • Olga Izryadnova, 2016. "Russia’S Real Sector Of The Economy In December 2015: Factors And Trends," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 48-51, February.
    • Handle: RePEc:gai:recdev:683
    as

    Download full text from publisher

    File URL: http://www.iep.ru/files/RePEc/gai/recdev/683Izryadnova.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Real economy; trends; Russian Economy;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gai:recdev:683. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Olga Beloborodova (email available below). General contact details of provider: https://edirc.repec.org/data/gaidaru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.