SOCIO-ECONOMIC DEVELOPMENT OF RUSSIA: RETROSPECTIVE ECONOMIC AND STATISTICAL ANALYSIS AND A FORECAST FOR 2017-2018

This article covers the authors’ projections for 2017-2018 for the selected individual socio-economic and macroeconomic indicators of the real economy (first and foremost, indicators of primarily industrial production, agriculture, capital construction, other industrial complexes, as well as crucial industries and areas of activities in their composition) based on the analysis of time series of socio-economic development of Russia over the past 10 years. The paper presents a comparative analysis of Russian and global economic development trends in the GDP dynamics and other significant macroeconomic indicators. The authors also focus on the questions of implementation of the budgetary, monetary, industrial, investment policies, the role of which is becoming more and more essential amid the intensification of international sanctions and Russia’s counter-sanctions. In that regard, there are the characteristics of the actual and predicted GDP dynamics for the next year, real incomes of population, investment and consumer activity, internal and external trade turnover. The article reviews fundamentals that drive structural transformation of the economy, transition to a results-based management principle, implementing priority projects and state programmes, using project funding mechanisms, exports and imports of high-tech goods and services. Factors promoting macroeconomic development are considered.

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