Abstract
After having peaked in 2012–2013, the volume of investment in fixed assets has been on the decline for three straight years. In real terms, the investment index lost 12.2% over the period 2014–2016. Its plunge turned out to be less deep than in the crisis year 2009 (13.5%), but the length of the investment pause, the significantly reduced business activity, and the toughening constraints on the use of resources are the factors that have aggravated the slowdown in the investment process.
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