Talking Trends: signs of slower economic activity
3 September 2024
News
Flash estimates point to more moderate growth in economic activity in early Q3 relative to Q2. Retail lending and consumption expanded at a slower pace. However, overall demand still far exceeds supply.
With stubbornly high price growth, household and business inflation expectations are rising. A continued trend towards more balanced growth is expected to normalise inflationary pressures.
More details are presented in Talking Trends, a Bank of Russia bulletin.
Preview photo: Sergey Bulkin / TASS