The importance of investments in economic growth and increasing incomes of the population

DOI: 10.33917/mic-5.118.2024.78-86

The relevance of attracting investments into the country’s economy in order to achieve economic growth, ensure its stability and thereby increase the population’s income is analyzed. The dynamics of attracting investments into fixed capital in the country as a whole and for individual types of economic activity are considered. The share of investments in GDP and the level of investment efficiency are estimated. The relationship between increasing domestic and foreign investment attractiveness, increasing the volume of investments and increasing the population’s income is determined.

The methods of statistical, comparison, grouping, analysis and synthesis, and economic analysis are used in the coverage of this article. A comparative analysis of the data was carried out, on the basis of which an attempt was made to more accurately highlight the role of investments in economic growth and ensuring the well-being of the population.

References:

1. Makasheva N. Does J.M. Keynes Help Study the Russian Economy? Voprosy ekonomiki. 2010;12:131–140.

2. Massé P. Criteria and Methods for Optimal Determination of Capital Investments / Translated from French. Moscow: Statistika, 1971. 160 p.

3. McConnell K.R., Brew S.L. Economics: Principles, Problems, and Policy. In 2 volumes: Translated from English. 11th ed. Vol. 1. Moscow: Respublika, 1992. 399 p.

4. Dolan E.J., Lindsay D.E. Microeconomics. St. Petersburg, 1994. 448 p.

5. Abdukarimov B.A. Korkhona iktisodiyoti (darslik). T.: Fan, 2005. 241 p.

6. Karimov N. The mechanism of investment integration and the development of the mechanism of investment. T.: Fan and technology, 2007. 240 p.

7. Nodirkhanov U.S. Foreign investment in Uzbekistan: experience, problems, growth prospects. T.: Fan and technology, 2011. 184 p.

8. Egamberdiev F.T., Daniyarova F.B., Kholmatjonov F.M. The importance of investment in the development of the economy. Economy and Finance 2017;10:68–74.

9. Mihaela Peres, Waqar Ameer & Helian Xu. The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries, Economic Research-Ekonomska Istraživanja. 2018;31(1):626–644.

Forecast of the dynamics of global economic development for 2024–2025

DOI: 10.33917/mic-4.117.2024.27-38

The article analyzes the global economic forecasts for 2024–2025 developed by the World Bank, the IMF, and the OECD. According to the May OECD report, one of the risks to economic development may be an acceleration of inflation in developed countries. In the United States, annual inflation accelerated to 3,5% in March 2024, compared to 3,2% in February. And the US Federal Reserve is ready to postpone the interest rate cut until November 2024. The IMF forecast for Russian GDP growth in 2024 has been improved to 3,2%, but reduced to 1,8% for 2025. For the United States, GDP growth is projected to be 2,1% in 2024, and 1,7% for 2025.

References:

1. Chugunov Artem. The Economy of Developing Overheating. The World Bank Shares the Position of the Bank of Russia on the Nature of Inflation in the Russian Federation. 04/15/2024. URL: https://www.kommersant.ru/doc/6648521

2. World Bank. 2024. Global Economic Prospects. January. Washington, DC: World Bank. URL: https://openknowledge.worldbank.org/server/api/core/bitstreams/7fe97e0a-52c5-4655-9207-c176eb9fb66a/content

3. Borovikova Kristina. Developing Economies Are Becoming More Attached to Developed Ones. Monitoring the World Economy. 05.04.2024. URL: https://www.kommersant.ru/doc/6622054

4. Borovikova Kristina. The Grounds for a Global Slowdown Are Being Selected. OECD expects moderate growth in 2024. 06.02.2024. URL: https://www.kommersant.ru/doc/6493747

5. Edovina Tatyana. Global fun. The IMF has raised its forecasts for the global and Russian economies. 30.01.2024. URL: https://www.kommersant.ru/doc/6479601

6. Today’s number. Inflation in the OECD in 2023. 08.02.2024. URL: https://www.kommersant.ru/doc/6495212

7. Borovikova Kristina. The global economy has received additional growth. The OECD has cautiously improved its global GDP forecast. 02.05.2024. URL: https://www.kommersant.ru/doc/6680489

8. OECD Economic Outlook, May 2024. URL: https://www.oecd.org/economic-outlook/may-2024/

9. Elvira Nabiullina’s press conference: increase in the key rate, peak inflation. Key points. URL: https://www.kommersant.ru/doc/6760711