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The Slowdown of the Russian Economy
https://doi.org/10.32609/0042-8736-2013-8-4-34
Abstract
This article considers factors and conditions slowing growth of the Russian economy. Its recovery growth after the crisis of 2008—2009 is over. The limit of rapid growth through the export of raw materials has now been reached. Reducing flows of financial resources from the rest of the world influence the Russian overall macro framework. Reduction of infrastructure investment projects and public investments led to a slowdown in the growth of domestic demand. New, lower long-term trends of economic growth are being formed in the Russian economy. This picture is radically different from the "fat" 2000s.
Keywords
economic growth,
macroeconomic trend,
consumption,
investment,
economic indexes,
global financial flows,
inflation,
monetary policy
JEL: E2; E6; F4; G1
About the Authors
B. Zamaraev
Institute of Macroeconomics Research (Moscow, Russia)
Russian Federation
Russian Federation
A. Kiyutsevskaya
Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation
Russian Federation
A. Nazarova
Development of the Russian Federation (Moscow, Russia)
Russian Federation
Russian Federation
E. Sukhanov
Development of the Russian Federation (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Bank of Russia (2012). General Directions of the Unified State Monetary Policy for 2013 and the Period of 2014 and 2015.
2. Borisova I., Zamaraev B., Kiyutsevskaya A., Nazarova A., Sukhanov E. (2012). Growing Russian Economy against Growing External Tension // Voprosy Ekonomiki. No 6. P. 4—32.
3. Economic Expert Group (2012a). Survey of Economic Indicators. October 11.
4. Economic Expert Group (2012b). Survey of Economic Indicators. December 12.
5. Davico R., Goldsmith B. J. (2012). Data Spotlight: Ballooning Balance Sheets // Finance & Development. Vol. 49, No 4. P. 43.
6. Eggertsson G.B. (2009). What Fiscal Policy Is Effective at Zero Interest Rates? // Federal Reserve Bank of New York Staff Reports. No 402. November.
7. IMF (2012). Global Financial Stability Report. October.
Review
For citations:
Zamaraev B., Kiyutsevskaya A., Nazarova A., Sukhanov E. The Slowdown of the Russian Economy. Voprosy Ekonomiki. 2013;(8):4-34. (In Russ.) https://doi.org/10.32609/0042-8736-2013-8-4-34
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