The Slowdown of Russian Economic Growth

Voprosy Economiki, 8, 2013

Problems of Economic Transition, vol. 57, no. 3, July 2014, pp. 13–56

Posted: 17 Jul 2015 Last revised: 18 Jul 2015

See all articles by Boris Zamaraev

Boris Zamaraev

Institute of Macroeconomics Research (FBNU IMEI)

Anna Kiyutsevskaya

Center for Macroeconomic Research, Alfa Bank

Angela Nazarova

Ministry of Economic Development of the Russian Federation

Evgeniy Sukhanov

Ministry of Economic Development of the Russian Federation

Date Written: August 8, 2013

Abstract

In this article, we analyze the factors and circumstances behind the slowdown of Russia’s economic growth. The recovery phase that followed the 2008-9 crisis has ended. The raw materials export model of production has reached its limit for rapid growth. The reduced flow of monetary and financial resources from abroad has affected the national economy at the macro level. The completion of a number of infrastructure investment projects and the reduction of government capital investments have slowed the growth of domestic demand. In the national economy the contours for the multiplication and long-term trajectory of Russian economic growth are beginning to appear, and they differ from the characteristics of the “bountiful” 2000s.

Keywords: economic growth, macroeconomic trend, consumption, investments, economic indexes, global financial flow, inflation, monetary and credit policy

JEL Classification: E2, E6, F4, G1

Suggested Citation

Zamaraev, Boris and Kiyutsevskaya, Anna and Nazarova, Angela and Sukhanov, Evgeniy, The Slowdown of Russian Economic Growth (August 8, 2013). Voprosy Economiki, 8, 2013 , Problems of Economic Transition, vol. 57, no. 3, July 2014, pp. 13–56 , Available at SSRN: https://ssrn.com/abstract=2628165

Boris Zamaraev

Institute of Macroeconomics Research (FBNU IMEI) ( email )

Moscow
Russia

Anna Kiyutsevskaya (Contact Author)

Center for Macroeconomic Research, Alfa Bank ( email )

Moscow
Russia

Angela Nazarova

Ministry of Economic Development of the Russian Federation ( email )

1,3 1-ya Tverskaya-Yamskaya
Moscow
Russia

Evgeniy Sukhanov

Ministry of Economic Development of the Russian Federation ( email )

1,3 1-ya Tverskaya-Yamskaya
Moscow
Russia

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