POPULATION’S INCOME AND CONSUMER CREDITING IS IN THE RED

Aleksandra Burdyak and Elena Grishina

Russian Economic Development, 2016, issue 1, 52-55

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.

Keywords: CONSUMER CREDITING; Russian Economy (search for similar items in EconPapers)
Date: 2016
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