There is full employment; unemployment is consistently below 5%. In fact there isa labour shortage. Russia is one of the world's major immigration destinations. Confidence is high. Russia has the world's 2nd highest marriage rate and the 3rd highest birth rate in Europe relative to the population of young women. The government is pursuing policies to encourage family formation and growth. Russia is already Europe's largest grocery market and set to be the largest car market once the Central Bank finishes upgrading the banking system to ensure trustworthy loans to consumer markets.
The creation of the Eurasian Economic Union in 2012 (an economic parallel to the CIS, a political union) means that the success of the Russian economy is being extended to other countries. Across Eurasia, 350 million people speak Russian. So investment in Russia can be extended into a much larger region. The EuEA is closely modelled on the European Union (It's founding document was the English version of the Acquis Communitaire) and it is harmonizing regulatations with the EU.
The 2014 fall in the rouble had a strongly positive effect on local agricultural and manufacturing profits. Russia is now the world's leading exporter of wheat and barley. Meat production is being subsidized to take advatage of these prices.
The demand for imports of capital equipment and manufacturing supplies is growing and the newly profitable farmers and manufacturers have the profits to pay for this demand. Follow our news feed to identify firms who are growing and investing.
The same applies to local business services such as the hospitality industry and manufacturing focused IT services. Their local customer base is surging. New hotel construction continues.
AS is common in post oil boom economies, high interest rates have created a falling off in demand for shopping malls, new domestic housing and commercial property, excluding modern distribution warehousing which remains in critically short supply. The high interest rates also mean a reduction in loans and lower business volumes in the banking sector.
Low asset values mean that Russia is an attractive destination for foreign investment in projects in industries such as farming, especially dairy and pork, oil exploration and production, mining, food processing, automobile supply chain manufacture, engineering and advanced materials, bacteriology, pharmaceuticals, medical devices.
Health care, education and physical infrastructure such as airports, roads and railways all receive support from government sovereign wealth funds. The government is using these sectors to grow the economy. Defense spending is being cut sharply (contrary to appearances).