Monday, March 21, 2016

VTsIOM warned about the fall of the Russian economy into a deflationary spiral – Lenta.ru

The share of Russians who consider it necessary to give up large purchases, increased from the beginning of the year to February from 63 to 72 percent. This is evidenced by the results of opinion poll, published on the website of the organization.

87 percent of respondents considered the current situation unsuitable for lending, compared with 81 percent in December last year. Recommendations to withdraw money from banks 43 per cent of survey participants (in December – 40 percent).

00:08 December 29, 2015

«For the first time over a long period of observation at the same time have deteriorated once all the indicators that signal the growth factor, which John Maynard Keynes called” liquidity preference “,” – said a leading expert Oleg Chernozub VTsIOM. According to him, the growth of this factor shows that the economy is beginning to emerge deflationary risks

The sociologist believes that the Russian economy may be in a “deflationary spiral”:. Because of the fear of losing their jobs the population is trying not to spend money, after which they turn in the economy is reduced; enterprises can not sell their products and reduce the production, which entails the dismissal; as a result the population is convinced of fidelity to their concerns and continue to save.

The survey was conducted February 20-21 among 1,6 thousand people in 130 settlements of Russia.

According to Rosstat, in February consumer prices rose 0.6 percent, since the beginning of the year – 1.6 percent. In annual terms, inflation in the last month there was at 8.1 per cent. For comparison, in February 2015, consumer prices rose 2.2 percent, and since the beginning of the year – 6.2 percent

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