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Poverty Growth
May 18, 2016 12:08


In April 2016 the real incomes of Russians dropped by 7.1 percent compared to the same month last year. This information is contained in the report of Rosstat on the social and economic situation in the country. In nominal terms, the revenue grew by 0.1 percent up to 31,342 rubles.

Thus real wages dropped by 1.7 percent, the nominal wage rose by 5.4 percent up to 36,210 rubles. Salary past-due debts in Russia are 4.05 billion rubles for the date of May 1. For a month it decreased up to 417 million rubles (minus 9.3 percent). The number of unemployed Russians was 4.5 million people (5.9 percent of the economically active population). 1.1 million people have registered with the employment services, 900 thousand received unemployment benefits.

On May 19, Bank of America informed that a gradual way out from the crisis and Russian ruble stabilization should lead to an increase in the population's welfare. According to the Chief Economist of Vnesheconombank Andrei Klepach, falling of real incomes and wages of the population in Russia became unprecedented.

"Since the 90s we have not had such a shock," - he said on March 14. According to the Ministry of Labour and Social Security in 2015 the number of Russians, whose incomes are below the poverty line, has exceeded 19 million people.


Author: Anna Dorozhkina


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