Figure of the day: 35%

of Russians currently expect that Russia’s economy will worsen next year. In the second quarter of 2015, 27% of respondents held this opinion. These data are presented in a new Monitoring of Consumer Sentiment of the Russian Population in the third quarter of 2015, which was prepared by the Centre for Business Tendency Studies at the HSE ISSEK. 

More than 40% of respondents believe that the economic situation will not change. Only 17% of respondents suggest that Russia’s economy will improve next year. Another 7% were unable to answer.

The opinions of survey participants about their current and expected personal financial situation were also predominantly negative. Approximately 50% of respondents reported a deterioration in their financial situation, with fewer than 10% of respondents claiming an improvement. Regarding the prospects for change in personal wealth in the next 12 months, 8% of respondents expect that their situation will improve, while nearly 30% expect that it will worsen.

Source: HSE website