Recovery of Economic Dynamics in H1 2021: Production, Investment in Fixed Assets, Housing Construction

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.

The recovery of growth of GDP in H1 2021 was supported by the outpacing growth of investments in fixed assets, the dynamics of the construction complex and manufacturing industries with an increase in the contribution of net exports. The growth of income and savings has determined the possibility of expanding the resource base of investment and construction activities amidst adaptation of spatial-territorial, sectoral and specific dynamics to the growing domestic and external demand.

The acceleration of the housing construction increase was supported by an increased demand for housing under the effect of preferential mortgage programs and the motivation of the population to practical solutions to problems of improving the quality of life.

Key words: GDP, economic income, manufacturing industries, investment-construction complex, housing construction.

JEL-codes: F21, E21, E22, E60, H54.