Following the results of August, the gold mining sector lost the role of the driver of the economy of
It was noted that as a result of the reduction in the output of basic metals by 15.5 percent compared to August 2016, the drop in production in the industrial sectors was 2.8 percent. After two months of near-zero dynamics, the agricultural sector once again began to make a positive contribution to the dynamics of economic growth.
«In all likelihood, in the remainder of the year, sources of growth will concentrate in the construction sector and retail trade. The positive dynamics of investments will compensate for the lack of a credit impulse, which, despite the restoration of credit growth, remains weak. Stable growth in the net inflow of remittances supports domestic consumer demand,» the report says.
The EDB forecasts that in the autumn-winter months of 2017 imports will play a key role in increasing foreign trade turnover. It was noted that the inflationary shock in the first half of the year was strengthened by increasing excise taxes on tobacco products as part of the equalization of taxes in EEU.
As a result, annual inflation accelerated from 0.5 percent in January to 4.1 percent in June.
The growth in the revenue part of the budget of
According to preliminary estimates, in the seven months of 2017, the GDP growth of the Eurasian Economic Union was 1.8 percent. The Eurasian Economic Commission (EEC) noted that economic indicators were particularly high in