Russia's Real Sector of Economy: Factors and Trends in H1 2014

Abstract

In H1 2014, the business activities in the Russian economy were characterized by slowdown of growth rates of the external demand on goods of the Russian export and termination of growth in domestic demand. In H1 2014, a 2.8% reduction of investments in capital assets and the minimum growth of 2.7% in the retail trade volume in the past 4.5 years as compared to the respective period of the previous year had a negative eff ect on the domestic market. A positive factor of the current year was a renewal of industrial growth with advanced rates of development of manufacturing.

Keywords: Russian economy, Russian industry

JEL Classification: E20, E21, E22, E60