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The decline in income of Russians may lead to a collapse in retail
17.07.2015 2672

The decline in income of Russians may lead to a collapse in retail

Experts estimate that real incomes of the Russian population have been falling for the eighth month in a row, Bloomberg reports. Such a decline could lead to a collapse in retail sales.

According to data published by the agency, in June, retail sales in the Russian market on an annualized basis will decrease by 8,9%. A fall in Russian incomes and a drop in retail sales may be a signal that the country's economy is no longer focused on consumer demand.

Experts have calculated that the real incomes of the Russian population have been falling for the eighth month in a row, according to Bloomberg. Such a decline may lead to a collapse of retail ...
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