In the face of severe sanctions and repression by Western countries, RussiaEconomyIn the first quarter of this year there was 18% year-on-year contraction, to follow-upEconomyDevelopment brings pressure. However, in the second quarterEconomyYear-over-year growth rateSoaring to 49%, which surprisingly gave the Russian authorities confidence in the development. Subsequently, the Russian side will be the whole of 2023EconomyThe growth target was raised from 2% to 25%, and soon after it was raised again to 28%。Q3, RussiaEconomyThe development has exceeded expectations,Year-over-year growth rateUp to 55%, a record high. This makes Russia in the first three quartersThe rate of economic growthreached 3% with RussiaEconomyThe Ministry of Development** is in line with its full-year growth target of 3%. Predictably, the fourth quarterEconomyThe trend will not be bad, and it will definitely exceed 4%. This series of results that exceeded expectations once again boosted the confidence in the development of various sectors in Russia, prompting the full year of 2023EconomyThe growth target is expected from the initial 2% to 25%，2.8%, gradually increasing to 35%, abandoning the initial haze.
To sum up, despite the fact that it is plagued by external pressure and sanctions, RussiaEconomyThrough proactive policy measures and strategic adjustments, the short term has been successfully achievedEconomyThe goal of growth. By passingConstruction industry, manufacturing and other fields of support and encouragement, Russia has achieved gratifying results. In addition, Russia is actively promoting on the basis of traditional pillar industries such as oil and gasIndustrial transformationand upgrades to further diversifyEconomystructure, to increase independence and autonomy, for the future to sustainEconomyGrowth provides a solid foundation.
There are fears about the Russian-Ukrainian war against RussiaEconomycaused irreparable damage, but in fact rightEconomyThe destruction is mainly manifested in the destruction of arable land and cities. As long as the war does not take place in the homeland, the farmers can continue to farm normally, and the enterprises can continue to produce normally, then the war is rightEconomyThe impact is relatively small. It can even be said that local small-scale wars can also lead to the development of defense-related industries, such as clothing, shoes and socks, steel, machinery, electronics and other industries orders will increase significantly. The development of one enterprise will lead to the development of more enterprises, the employment rate and income of residents will increase accordingly, and the vitality of consumption will also be enhanced.
Of course, a large-scale war or a war that affects the homelandEconomyThe impact of such a war can not be ignored, and such a war can lead to production disruptionsEconomyFall into recession. Therefore, after the outbreak of the war, Russia deeply felt the disadvantages of relying on oil and natural gas, and actively strengthened itIndustrial transformationand upgrading, moving in the direction of more diversification, increasingEconomyindependence and resilience. Against the background of such a war, RussiaEconomyThe structure is more diversified, and the status of the manufacturing industry has been improved.
In recent years, RussiaEconomyGratifying results have been achieved in a number of fieldsEconomyDiversification of structures. toEnergyindustry, for example, in the first three quarters of this year, RussiaEnergyThe industry has emerged due to the reduction of oil production18% contraction, but other sectors saw positive growth. Construction industry10% year-on-year, and 9% year-on-year increase in manufacturing9%。Steel production increased by 5 percent year-on-year3%, the output of general machinery and equipment increased by about 10%, the output of automobiles increased by more than 10%, and the output of electrical equipmentYear-over-year growth rateIt's as high as 22%. These data all indicate RussiaEconomyThe result of structural diversification.
In addition, Russia is inEconomyImportant progress has also been made in transformation and upgrading. By strengthening industrial technological innovation and the development of high-end manufacturing, Russia is in theInternationalCompetitiveness in the market has been enhanced. With the increasing status of the manufacturing industry, Russia is increasingly becoming a major manufacturer of technological innovation and high-quality products.
RussiaEconomyThe rapid growth and diversification of the development have brought us a lot of inspiration and thinking. First of all, Russia through active policy adjustments andIndustrial transformation, successfully coped with external pressure and sanctions, realizedEconomyrapid recovery and growth. Secondly, diverseEconomyThe structure allows Russia to be on a global scaleEconomyMaintain high resilience and anti-risk ability in the uncertainty of development. Finally, Russia is inEconomyThe development focuses on technological innovation and the production of high-quality products, which has been further improvedInternationalCompetitiveness.
Looking to the future, RussiaEconomyThere are still challenges and pressures. InternationalThe uncertainty of the situation, globalEconomyand external sanctions and other factors may be negative for RussiaEconomyMake an impact. Therefore, continue to advanceIndustrial transformationand upgrading, strengthening technological innovation and personnel training, and enhancingEconomyAutonomy and core competitiveness will be an important task for Russia's future development. At the same time, Russia also needs to further strengthen its relationship withInternationalCooperation and exchanges, increase the intensity of opening up to the outside world, and constantly expand market share and increaseInternationalCompetitiveness.
In a word, RussiaEconomyThe growth target has been raised again for RussiaEconomyThe proof of the results of development, also RussiaEconomyResponses to external challenges. By continuing to advanceIndustrial transformationand upgrading, strengthening technological innovation and personnel training, RussiaEconomyIt is expected to maintain stable growth and improve its resilience and competitiveness in the future. However, it is still necessary to be wary of external factorsEconomyimpact, actively respond to challenges, strengthenInternationalCooperation, push RussiaEconomyThe path to greater stability and sustainable development.