Open AccessPROBLEMS AND PROSPECTS OF CONSTRUCTION INDUSTRY DEVELOPMENT IN RUSSIA IN THE CONDITIONS OF ECONOMIC CRISIS
Author(s) -
Нидзий Елена Николаевна
Publication year - 2016
Publication title -
vestnik mgsu
Language(s) - English
Resource type - Journals
eISSN - 2304-6600
pISSN - 1997-0935
DOI - 10.22227/1997-0935.2016.5.119-129
Subject(s) - recession , real estate , state (computer science) , construction industry , economic system , russian economy , economics , business , key (lock) , global recession , national economy , economy , economic policy , market economy , macroeconomics , engineering , finance , construction engineering , algorithm , computer science , ecology , biology
The construction industry is one of the key fund-creating industries, the formation of the Russian economy greatly depends on it. The construction sector is cyclic, that’s why it has always been sensitive to the tendencies of the national economy. In the contemporary conditions of weak economical climate the construction industry is in a state of sluggish recession. The key indicators exercising restraining influence on the construction complex are analyzed. The author carried out calculations of the prices for residential real estate in the past years. The author’s view on the near-term prospects on the exit from recession state is formulated. From the view of the today’s state and the nearest development prospects, it can be stated that the construction industry is one of the most problematic among the basic economic sectors. Retrieval of the expansion rate of the construction industry is possible in case of the positive changes of general economic state.