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Recovery of the Domestic Market: Production of Goods and Services in H1 2021

Olga I. Izryadnova – Head of Structural Policy Department of the Gaidar Institute for Economic Policy; Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Marina A. Kovaleva – Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Alexandra A. Stavseva – Junior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The dynamic expansion of production and investment demand were a feature of the economic recovery in the current year. The structure of goods production was formed with the outpacing growth rates of manufacturing economic activities relative to mining and the services sector-under the influence of overcoming the decline in transport, logistics and social infrastructure. Undoubtedly, the dynamics and structure of foreign trade turnover had a positive impact on the state of the economy, in the conditions of changing world market environment.

The expected economic recovery in 2021 will compensate for the negative consequences of the epidemiological crisis of the previous year in production and significantly reduce the tension in the labor market.

Key words: production sector, manufacturing, mining, social services, transport infrastructure.

JEL-codes: E23, L60, L80.