Economic Situation in the Far Eastern Federal District in 2014

Abstract

On the basis of the official statistics for 2014 the authors analyzed the main trends of socio- economic development of the Far Eastern Federal District (FEFD). The paper considers the economic situation in the FEFD in comparison with the all-Russian tendencies. The researchers also identified and analyzed the factors affecting conditions in the sphere of production of goods and services, social dynamics and external economic cooperation. The study shows that the FEFD had following economic and social problems in 2014: the continuing decline of investments, a sharp increase in inflation; slowing growth rates in wages due to lower level of indexation; the necessity of finding «soft» methods of conservation of human resources; the decline in foreign trade activity; and the decrease in volume and value of imports. The situation in the region also can be characterized with the significant growth of industrial production in comparison with other federal districts of the Russian Federation and unemployment reduction

Keywords

• мonitoring
• GRP
• inflation
• stagnation
• recession
• finance
• incomes
• migration
• foreign trade
• Far Eastern Federal District