Template-Type: ReDIF-Paper 1.0
Author-Name: Izryadnova Olga
Author-Name-First: Olga
Author-Name-Last: Izryadnova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Dynamic and structure of GDP and investments
Abstract: Internal epidemiological restrictions and external shocks have had a significant impact on economic growth in Russia. Unfavorable changes in the global market environment increased the impact of external factors on economic dynamic: starting from 2019, the scale of exports in terms of value and physical volume decreased; the decline in the contribution of net exports to GDP dynamics was partially offset by an increase in domestic demand on the back of the outstripping growth of manufacturing industry and the segment of paid services to the population. From the outset of the spread of coronavirus infection, there was a simultaneous reduction in demand and supply in the domestic market. The situation was complicated by a drop in demand and prices on the world market of hydrocarbons, which came amid a decline in the ruble exchange rate and an increase in the level of inflation. The negative effects of the uncertainty and potential risks of the pandemic affected the nature of business structures, consumer behavior, and led to changes in the structure of government spending, the corporate sector, households, and the demand for financial resources
Classification-JEL: E20, E21, E22, E60
Keywords: Russian economy, fixed investment, GDP, inflation
Creation-Date: 2021
Revision-Date: 2021
Length: 23 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1126.pdf
File-Format: application/pdf
File-Function: Revised Version, 2021
Handle: RePEc:gai:ppaper:ppaper-2021-1126