Analytical Review of the Current State of the Russian Economy and Its Various Industries

The article considers the current state of the economy of the Russian Federation, for which the pandemic became a factor that required certain adjustments to the plans of socio-economic and political development. The impact and consequences of the crisis of 2020 caused by the coronavirus epidemic are analyzed. The reasons for the rapid recovery of the country’s economy are given. At this point in time, the key issues facing the Russian economy correspond to the issues facing all developed countries. The changes made by the Central Bank and the Government of Russia in the period from 2021 to stabilize the economy are disclosed. The dynamics of development of certain sectors of the national economy due to the impact of a number of macroeconomic challenges is presented. Noteworthy for the current conditions, i.e. under the imposed sanctions and the crisis, is the stable exports and high investments. The forecasts of various experts and institutions regarding the results of 2023 in terms of the development of the Russian economy are presented. The structure of GDP by sectors of the economy is shown. It is substantiated that the construction industry can become one of the key drivers of the Russian economy development. The current state of the construction industry of the Russian Federation and related industries, as well as the prospects for their development are analyzed. Actions to improve the sustainability of the construction industry and individual branches of the industrial complex are proposed. In the conclusion of this article the further prospects for the development of the economy of the Russian Federation are determined.