Talking Trends: consumer demand supports economic growth
11 марта 2025 года
Новости
The Russian economy continued to grow in early 2025. Higher labour incomes fuelled consumer demand, despite a slowdown in retail lending. The increase in corporate lending decelerated, but it will be clear how sustainable this trend is only in a few months.
At the beginning of the year, the monthly growth rate of consumer prices (seasonally adjusted) edged down, while staying high. To return inflation to 4%, monetary conditions should remain restrictive for a long period. Fiscal policy normalisation this year will also be a major contributor to the deceleration of inflation.
More details are available in the new issue of the macroeconomic bulletin Talking Trends.
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