Template-Type: ReDIF-Paper 1.0
Author-Name:Alexei Kudrin
Author-Name-First: Alexei      
Author-Name-Last: Kudrin 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Oleg Sergienko 
Author-Name-First: Oleg         
Author-Name-Last: Sergienko 
Author-Workplace-Name: Ministry of Finance of the Russian Federation
Title:  EFFECTS OF THE CRISIS AND RUSSIA’S SOCIO-ECONOMIC DEVELOPMENT OUTLOOKS
Abstract: The past year was transitional from the crisis period to a normal development. Russia’s GDP increased 4% in 2010. GDP and industrial production nearly recovered by the end of 2010, reaching 97-99% of the values recorded in September 2008, as estimated by Rosstat. These values show that as early as the beginning of 2011 Russia’s economy is more likely to eclipse its pre-crisis level. A few industries, however, are showing levels which are still far behind the values recorded prior to the crisis, namely machine building industry (20%), metallurgy (8%), construction industry (5%). Therefore, most industries may not be expected to recover completely until the second half of 2011 or early in 2012.
Length:  13 pages
Creation-Date: 2013
Revision-Date:   2013
Classification-JEL: P10, P16
Keywords: Russian economy, economic development
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0085Kudrin.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:wpaper:0085