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Dynamics and structure of GDP and investments in Russia in 2021

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  • Izryadnova Olga

    (Gaidar Institute for Economic Policy)

Abstract

The economic situation in 2021 demonstrated recovery of both demand and supply in domestic and foreign markets after the pandemic crisis of 2020. The positive dynamics were supported by a simultaneous recovery of domestic consumer and investment demand and by increased contribution of net exports to the economic growth. Economic recovery has been significantly influenced by the starting conditions for recovery from the 2020 pandemic recession, characterized by a sharp fall in services and a decline, albeit less profound, in the goods sector. Other challenges were associated with volatile global hydrocarbon market, reduced external trade and disruptions in value added chains. In addition, longer than anticipated internal and external health constraints at the beginning of the pandemic increased the differentiated functioning of various economic activities.

Suggested Citation

  • Izryadnova Olga, 2022. "Dynamics and structure of GDP and investments in Russia in 2021," Published Papers ppaper-2022-1204, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1204
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1204.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; fixed investment; GDP; inflation;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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