The Extracting Sector – The First Started to Grow
6 Pages Posted: 15 Dec 2015
Date Written: December 14, 2015
Analysis of the industrial production dynamics shows that the decline in manufacturing output continues, while the extracting sector has been demonstrating a stable positive trend recently. If in the short-term perspective the economy is not shattered by any new terms of trade shocks, significant expansion of the imposed economic sanctions or financial instability, there will emerge some grounds for a cautious optimism: the general industrial production index may depart from the 'bottom' as early as the end of the year 2015.
Keywords: Russian economy, mining and quarrying, IPI, manufacturing sector
JEL Classification: L71, L72, F34, G24
Suggested Citation: Suggested Citation