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

See all articles by Aleksandra Burdyak

Aleksandra Burdyak

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Elena Grishina

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: January 23, 2016

Abstract

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

Burdyak, Aleksandra and Grishina, Elena, Population's Income and Consumer Crediting Is in the Red (January 23, 2016). Russian Economic Developments. Moscow, 2016, No. 1, pp. 52-55, Available at SSRN: https://ssrn.com/abstract=2720813

Aleksandra Burdyak

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia
+7 495 695 11 62 (Phone)

Elena Grishina (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

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