Real Economy: Trends and Factors

Throughout 2012 the macroeconomic situation has been characterized by the gradual decrease of the economic activity. It was the simultaneous slowdown of both the internal and external demand growth rates that was one of the factors contributing to the low dynamics of 2012. According to the preliminary data of the RF Ministry of Economic Development, in 2012 GDP growth rates made 103.4% versus the previous year, investments in fixed assets – 106.7%, retail trade turnover – 105.9%. In 2012 the growth rates of the industry slowed down to 102.6% versus 104.7% in 2011. The plunge in the agriculture production of 4.7% versus 2011 had a negative effect on the output.