The situation in the Russian economy

This article, written for a Project LINK international conference, looks at the medium-term growth trends of the Russian economy and analyzes the stability potential and crisis points of the prevailing economy reproduction model.The forecasting part examines measures used in three growth scenarios: “economic activism of the state,” “support of business” (both subject to a lasting favourable foreign economic situation), and “adaptive” (for the case of a fall in oil prices). The authors come to the conclusion that in the current situation, a greater growth potential is associated with the scenario of “economic activism of the state,” which envisions, in particular, investment in projects lessening infrastructural constraints on growth.