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The Russian Economy in 2015–2017

Author

Listed:
  • Frenkel, Alexander

    () (Center for macroeconomic analysis and forecasting, Institute of Economy, RAS)

  • Sergienko, Yakov

    () (Center for macroeconomic analysis and forecasting, Institute of Economy, RAS)

  • Tichomirov, Boris

    () (Center for macroeconomic analysis and forecasting, Institute of Economy, RAS)

  • Roshchina, Ludmila

    () (Center for macroeconomic analysis and forecasting, Institute of Economy, RAS)

Abstract

The article presents the main results of the socio-economic development of Russia in 2015 and for seven months of 2016. Is given analytical assessment of changes in macroeconomic indicators for the next three years. The focus is on problematic issues of development of the real sector of the economy, industrial production growth, stimulating demand for products and services sectors of the national economy, investment activity, development and implementation of the federal budget, the state social services. Matches dynamics of the Russian economy with the global trends. The ways of overcoming the backlog in the technological level of production, including by attracting private and foreign investments, as well as improve the efficiency of capital investments and export of high-tech products as a key factor for sustainable economic growth. The reasons of the fall of non-financial institutions in lending and growth of the population of debts to banks for loans. Noted deficiencies of the current management system of socioeconomic development, especially budgeting and forecasting. Measures to overcome the negative phenomena that impede the exit of the deep structural crisis in which the real sector of economy and social sphere. The estimation of the quality of the anti-crisis measures to ensure the stable development of the economy, the government forecasts and budget projections. The results of the impact of international sanctions and the Russian counter-sanctions, as well as the impact of energy prices, currency appreciation, inflation expectations in the socio-economic development. To identify important factors that contribute to the macroeconomic development of the economy. Much attention is paid to the problems of development and implementation of a strategic planning system

Suggested Citation

  • Frenkel, Alexander & Sergienko, Yakov & Tichomirov, Boris & Roshchina, Ludmila, 2016. "The Russian Economy in 2015–2017," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 198-233, October.
  • Handle: RePEc:rnp:ecopol:ep16510
    as

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    References listed on IDEAS

    as
    1. V. Mau & A. Ulyukaev., 2014. "Global Crisis and Trends of Economic Development," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    2. A. Kudrin & E. Gurvich., 2014. "A New Growth Model for the Russian Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
    3. O. Berezinskaya & A. Vedev., 2014. "Investments in the Russian Economy: Their Potential and Activation Directions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    4. S. Drobyshevsky & S. Sinelnikov-Murylev., 2012. "Macroeconomic Preconditions of Realization of a New Growth Model," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    federal budget; public policy; inflation; import substitution; investment activity; innovation;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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