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Russian industrial sector in 2021: (based on surveys’ findings)

Author

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  • Tsukhlo Sergey

    (Gaidar Institute for Economic Policy)

Abstract

In January 2021, demand quite expectedly exhibited negative dynamics under the influence of a large and extremely unusual for the economy set of factors. The balance of actual sales change decreased by 10 points, which looked modest against the expected 30 points decline a month earlier. Most likely, the rigidity of lockdown measures, successes of both the domestic medical science and pharmaceutical industry allowed the country as a whole and the industry in particular to avoid a negative epidemiological scenario at the beginning of the year. The same circumstances ensured recovery of demand forecasts after the December collapse. In January, they regained 12 points out of the 30 points lost a month earlier.

Suggested Citation

  • Tsukhlo Sergey, 2022. "Russian industrial sector in 2021: (based on surveys’ findings)," Published Papers ppaper-2022-1203, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1203
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1203.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; industrial sector; industrial output;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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