Growth in Consumer Lending as a Temporary Source of Well-Being
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 5-8
3 Pages Posted: 23 Jan 2018
Date Written: 2017
Recovery of consumer lending has facilitated growth in expenditures on ultimate consumption and brought about stability of households’ savings amid the ongoing decline of real incomes. However, in the long-term prospect this situation will put at risk both the fi nancial stability of households and the resource base of the banking sector.
Keywords: Russian economy, consumer lending
JEL Classification: D14, D19
Suggested Citation: Suggested Citation