Analyst: Russians have become poorer, and the situation is unlikely to change

Russia has sharply reduced real disposable incomes, and the decline overall for the year to avoid is unlikely to succeed. This opinion was expressed by the head of IAC “Alpari” Alexander Razuvaev.

He recalled that, according to Friday’s data from Rosstat, at the end of II quarter of this year real disposable incomes of Russians fell by 8%. “On average, Russian citizens lived for April—June to 32 854 thousand rubles a month, or slightly more than a thousand rubles a day,” says the review expert.

According to him, “recorded by Rosstat, the result is a record of all available statistics”. “This quarter’s fall in the income of the office is not recorded in any of the crises since the beginning of 2000-ies,” — emphasizes the analyst.

He points out that “the official figures should be looked at critically because they do not include salaries in envelopes”. “However, the overall situation reflects quite true. The good news is that the quarantine in Russia have either commuted or abolished. Inflation is also below the target range of the Bank of Russia with 4%. However, the decline in real disposable income at the end of the year to avoid is unlikely to succeed, at least according to official statistics,” says Razuvaev.

we also Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19.

2 June Prime Minister Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent a revised draft of the national plan.

July 2, Deputy Minister of Finance of the Russian Federation Vladimir Kolychev said that the total cost of the measures (the bailout package), aimed at combating the spread of coronavirus infection in Russia and mitigating economic impacts from restrictions imposed, estimated to be worth about 4 trillion rubles. According to him, the main focus of the budget measures were made on several fronts: strengthening health systems, supporting citizens and businesses, the balancing of regional budgets.

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