Development of Regions In January-November 2019: Inertia Retains
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020. No. 2, pp 19-22.
4 Pages Posted: 7 Apr 2020
Date Written: March 16, 2020
Abstract
The regions over January-November 2019 demonstrated stunted social and economic development. Except renewal in the residential construction sector following the recession the fastest rate of development was posted in the largest Moscow agglomeration. Amid the weak wage growth seen in the vast majority of the regions the low level of unemployment retains. The budgetary situation is favorable, however the revenues growth of the budgets of many regions in large measure is secured by the growth of transfers. The need to implement President’s Executive Orders was reflected in the outstripping growth of budgetary expenditure on national economy and provision of public amenities.
Keywords: Russian economy, regional economy
JEL Classification: R12, R13
Suggested Citation: Suggested Citation