Economic Situation in the Far Eastern Federal District in 2016
Based on current statistical information the article analyzes conditions and trends of socio-economic development of the Far Eastern Federal District in 2016. The situation is compared with national average trends. The paper shows that socio-economic situation in the Far Eastern Federal District rem...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Russian |
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Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2017-06-01
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| Series: | Prostranstvennaâ Èkonomika |
| Subjects: | |
| Online Access: | http://www.spatial-economics.com/images/spatial-econimics/2017_2/SE.2017.2.138-173.Prokapalo.pdf |
| Summary: | Based on current statistical information the article analyzes conditions and trends of socio-economic development of the Far Eastern Federal District in 2016. The situation is compared with national average trends. The paper shows that socio-economic situation in the Far Eastern Federal District remains unstable and is characterized by the following trends: falling growth potential of industrial production with continued weak positive growth resulting from the growth in extractive industries; stagnating production in processing industries as a result of reduced investment due to restricted access to international financial resources and increased price of borrowing; continued negative dynamics of investment activity due to completion of large investment projects and slow development of new investment initiatives; continued negative dynamics of foreign trade; continuing sharp decreases of exports due to falling global oil and gas prices; reduction of imports across main import groups with the exceptin of machines and equipment; decline of real wages and household income |
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| ISSN: | 1815-9834 2587-5957 |