Russia After Crash Discovers Consumer Puzzle Won’t Fit Again
Bloomberg: Russian consumer demand, which came undone quickly during a recession, will take time to put together again. The pieces don’t fit because households continue to embrace thrift even as the ruble tests new highs and inflation at the slowest in history boosts purchasing power. HSE ISSEK Centre for Business Tendency Studies poll results showed the financial situation worsened for 39 percent of respondents in the past 12 months. The agency quotes Georgy Ostapkovich, the director of the Centre.
25 January
2017