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Population’S Income And Consumer Crediting Is In The Red

Author

Listed:
  • A. Burdyak

    (Gaidar Institute for Economic Policy)

  • E. Grishina

    (Gaidar Institute for Economic Policy)

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, respecti vely). 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.

Suggested Citation

  • A. Burdyak & E. Grishina, 2016. "Population’S Income And Consumer Crediting Is In The Red," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 52-55, January.
    • Handle: RePEc:gai:recdev:661
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    Keywords

    CONSUMER CREDITING; Russian Economy;

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