Population's Income and Consumer Crediting Is in the Red
Russian Economic Developments. Moscow, 2016, No. 1, pp. 52-55
4 Pages Posted: 24 Jan 2016
Date Written: January 23, 2016
Real disposable income of population, real wages and salaries and pensions have been falling during the year. The territory of real income reduction (73 regions) has noticeably expanded in comparison with 2009 and 2014 (48 and 26 regions, respectively). Nearly half of population highlights deterioration of economic situation in the country. One third of surveyed in the framework of the socio-economic monitoring expect the situation to retain for at least one or two years. Consumer crediting is unlikely to sustain demand at the same level: in 2015, retail loan origination fell sharply.
Keywords: Russian economy, income, consumer crediting
JEL Classification: I31, I32
Suggested Citation: Suggested Citation