Consequences of the Crisis and Prospects of Russia´s Social and Economic Development

Abstract

The article considers factors of crisis development of the Russian economy. It is stated that the stage of rapid recovery of the world economy after the crisis has come to an end. Still many countries face signs of overheating. In order to modernize the Russian economy needs better investment climate, developed innovation sector, less support of inefficient enterprises. It is important to improve the quality of state institutions, raise the efficiency of government spending, and limit the role of the state in the economy.