Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Deflationary Spiral Of Russian Economy
March 30, 2016 00:50


(Source: http://ru-trade.info/chto-takoe-deflyaciya)

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

87 percent of respondents considered the current situation unsuitable for lending, as compared to 81 percent in December of last year. 43 percent of the poll participants recommended to withdraw money from banks (versus 40 percent in December). “For the first time in a long observation period all the indicators that signal the growth factor deteriorated at once, John Maynard Keynes called this factor “liquidity preference” - the leading expert of Opinion Research Centre Oleg Chernozub notes.

According to him, the growth of this factor shows that the economy is beginning to form deflationary risks. The sociologist believes that the Russian economy may be caught in a “deflationary spiral”: the population is trying not to spend money in fear of losing their jobs, then their turnover in the economy is reduced; enterprises cannot sell their products and have to reduce production, which entails dismissals; as a result, the population is convinced that their fears are true and continue to save.

The poll was conducted on February 20-21 among 1.6 thousand people in 130 settlements of Russia. According to the Federal Statistics Service, consumer prices rose by 0.6 percent in February and by 1.6 percent since the beginning of the year. Inflation in annual terms reached 8.1 percent in last month. Let’s compare, in February 2015 consumer prices rose by 2.2 percent and by 6.2 percent since the beginning of the year.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags:      

Next Previous

You might also find interesting:

The Kremlin Regrets Of the Closure Of the Dynasty Foundation The Prosecutor Requested for the Director Kirill Serebrennikov a Real Term - Six Years in Prison Voinovich Urges Putin To Release Savchenko Russians Spend More Than 50 Percent Of Income On Food Business Climate Improvement To Be Discussed









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
investment  Moscow Theatres  Nature Reserves  Mercedes-Benz Fashion Week Russia  Far East  Temples  suburban trains  Moscow  Exhibitions in Moscow  Alexei Navalny  interview  Flaertiana   travel to Russia  Archnadzor  Moscow skyscrapers   Gold Eagle Award  Russian ballet dancers  Russian regions  Russian Museums   Winzavod  Sergei Sobyanin  Wi-Fi   LifeNews  Russian space exploration  Festivals in Moscow  Festivals  Stage without Borders  Gallery of Classical Photography  Russian physics  Valery Gergiev  Year of Japan in Russia  Russian tourism  Russian business  St. Petersburg  XXII Winter Olympic Games in Sochi   Books  Russian Cinema  Russia opposition  fashion designer  Zaryadye  Mikhail Tanich  Krasnoyarsk  Rock Music  rouble  Golden Ring  economic crisis  New Films  Dagestan  Pushkin Fine Arts Museum  Muzeon Park 


Travel Blogs
Top Traveling Sites