The fall in domestic demand led to a decline in industrial production and services.
-> Experts predict stagnation of the Russian economy
glavred.info
In Russia, in April 2015 with confidence continued to decline in real wages, private consumption and investment demand. The fall in domestic demand in Russia led to a deeper recession output of goods and services in the internal market.
Experts do not believe in the quarterly growth Russian GDP in 2015, no return to the economy rapid rise in 2016, predicting that it will go into a protracted slump stagnation.
According to ING Eurasia, the overall reduction in domestic demand in Russia in April was 7.4% against 6.8% in March 2015 year. Private consumption in retail in April fell by 9.8% (in March – by 8,7%).
The ratio of payments in the Russian Federation on the accumulated bank debt to household income in 2015 was a record – there was a refusal to new consumer loans. Falling real wages, even against the backdrop of slowing inflation in annual terms accelerated from 10.6% in March 2015 to 13.2% in April, and their nominal growth fell to 1%.
“What happened with industry and services in April, the net effect is a reduction in income. indexation of salaries in the public sector this year was not, and the indexation of pensions was insufficient – the basis of the consumer basket of pensioners are food, “- says Sergey Ulatov of the World Bank.
It was reported earlier that the IMF predicted a deep recession in Russia this year .
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