Abstract
Econometric models of GDP’s crisis growth rates and factors of GDP’s recession
 rates have been received. The models allow predict the recession in Russia’s
 economy in 2015–2019. Decline in production during the crisis can reach
 16–17%. Production decline duration can make 4–5 years. The crisis phenomena
 in economy at the level up to 80,7% have been caused by formation of
 adverse institutional environment under the influence of the laws adopted in
 2003–2014. A new paradigm of economic policy is necessary for overcoming
 the crisis phenomena in economy, this policy is the one related to formation of
 institutions favoring to the economic growth and economic development, the
 policy aimed at the business development, at investment attraction, at domestic
 demand expansion.
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