The Macrostructure of Production in 2016

Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 151-165

17 Pages Posted: 17 Jul 2017  

Olga Izryadnova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: July 7, 2017

Abstract

For the Russian economy, the year 2016 was a period of its gradual adaptation to the new conditions determined by low prices for hydrocarbons and mineral resources coupled with the continuing anti-Russian sanctions and Russian counter-sanctions. The annual and quarter-by-quarter behavior of the economy indicated a gradual relaxation of the current crisis with regard to practically all major macro-parameters, brought about by a notable drop in the rate of inflation, changes in the structure of production, the fall in costs resulting from the ruble’s depreciation, progress of the import substitution processes, and a relative stability in the labor market.

Keywords: Russian economy, production, external and internal demand, GDP structure

JEL Classification: G16, G28

Suggested Citation

Izryadnova, Olga, The Macrostructure of Production in 2016 (July 7, 2017). Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 151-165. Available at SSRN: https://ssrn.com/abstract=2998536

Olga Izryadnova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
Moscow, 119571
Russia

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