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: Dynamics and structure of GDP and investments in Russia in 2021
Abstract: The economic situation in 2021 demonstrated recovery of both demand and supply in domestic and foreign markets after the pandemic crisis of 2020. The positive dynamics were supported by a simultaneous recovery of domestic consumer and investment demand and by increased contribution of net exports to the economic growth. Economic recovery has been significantly influenced by the starting conditions for recovery from the 2020 pandemic recession, characterized by a sharp fall in services and a decline, albeit less profound, in the goods sector. Other challenges were associated with volatile global hydrocarbon market, reduced external trade and disruptions in value added chains. In addition, longer than anticipated internal and external health constraints at the beginning of the pandemic increased the differentiated functioning of various economic activities.
Classification-JEL: E20, E21, E22, E60
Keywords: Russian economy, fixed investment, GDP, inflation
Creation-Date: 2022
Revision-Date: 2022
Length: 17 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1204.pdf
File-Format: application/pdf
File-Function: Revised Version, 2022
Handle: RePEc:gai:ppaper:ppaper-2022-1204