Macroeconomic Trends in the Development of the Russian Far East in the First Half of 2024

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2024 Volume 11 number 4 pages 43-55

Title of the article	Macroeconomic Trends in the Development of the Russian Far East in the First Half of 2024
Pages	43-55
Author	Prokapalo Olga Mikhailovna doctor of economics, deputy director for research Economic Research Institute FEB RAS 153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-7570-397Х
Abstract	Based on operational statistical, analytical and expert information, an analysis of the economic and social situation in the Far Eastern Federal District in the first half of 2024 is carried out in comparison with 2022–2023. It is shown that while instability and contradictory development trends in certain sectors of the economy persist, a sharp decline in the macroeconomic context is not observed. The output index of basic economic activities shows positive dynamics, but the active growth rate has slowed down. This does not currently allow us to talk about a stable phase of economic growth. The formation of growth rates in the industry of the Far Eastern Federal District was positively influenced by an increase in mining production for the main raw materials, an increase in the production of aviation and engineering products, certain types of non-metallic mineral products, and prefabricated wooden building structures. The positive dynamics and growth of investments in fixed assets were associated with the implementation of large investment projects in the field of railway and port infrastructure, mining, and manufacturing. There is a high level of inflation despite tight monetary policy. Consumer demand continues to expand in certain categories due to the growth of real incomes of the population.
Code	338+332
DOI	10.14530/reg.2024.4.43
Keywords	sanctions restrictions, monitoring, macroeconomic dynamics, investments, inflation, consumer demand, Far Eastern Federal District
Download	2024-04.43.pdf
For citation	Prokapalo O.M. Macroeconomic Trends in the Development of the Russian Far East in the First Half of 2024. Regionalistica [Regionalistics]. 2024. Vol. 11. No. 4. Pp. 43–55. http://dx.doi.org/10.14530/reg.2024.4.43 (In Russian)
References	1. Russian Far East: Economic Development Trends (Consequences of the Pandemic). Ed. by O.M. Prokapalo. Khabarovsk, 2021. 200 p. (In Russian) 2. Zubarevich N.V. Regions of Russia at the End of 2023: Have They Managed to Overcome the Crisis Recession? Voprosy teoreticheskoy ekonomiki [Issues of Economic Theory]. 2024. No. 1. Pp. 34–47. http://dx.doi.org/10.52342/2587-7666VTE_2024_1_34_47 (In Russian) 3. Prokapalo O.M. Macroeconomic Trends in the Development of the Russian Far East in the First Half of 2023. Regionalistica [Regionalistics]. 2023. Vol. 10. No. 4. Pp. 100–112. http://dx.doi.org/10.14530/reg.2023.4.100 (In Russian) 4. Prokapalo O.M., Bardal A.B., Isaev A.G., Mazitova M.G. Economic Situation in the Far Eastern Federal District in 2023. Prostranstvennaya ekonomika = Spatial Economics. 2024. Vol. 20. No. 2. Pp. 122–166. http://dx.doi.org/10.14530/se.2024.2.122-166 (In Russian)
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