Domestic demand in Russia is declining, many consumers have begun to behave cautiously, budget revenues are growing. This is reported by Euromore, referring to the American company Bloomberg.
According to the data obtained, it is known that domestic demand in the Russian Federation is declining, consumers have begun to behave more cautiously, but at the same time, the country’s budget revenues are still growing. Even inflation is slowing down. It is noted that Russia in this respect feels much better than the United States and Europe.
The publication notes that the planned reduction in oil production by OPEC and its allies will lead to the fact that the ruble will strengthen even more. But at the same time, the author of the article is sure that there are still many risks for the Russian economy.
It is known that the author of the article wrote from “sanctions work” to “sanctions will someday work” in a little over a year. The West also tried to explain the decline in inflation in Russia “suffering from sanctions”.
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