Date: 2 months ago   Category: Economy

Experts of the HSE announced painful adaptation of economy of Russia to new sanctions — Rambler News Service


Photo: Pixabay Economy of Russia still painfully adapts to new sanctions and the termination of nominal growth of salaries of state employees, in October growth of economic activity was observed, but the general tendency to stagnation remains in recent months, such opinion is expressed by experts of the HSE in "Comments on the state and business". "So far the economy quite painfully adapts to new sanctions and the termination of nominal growth of salaries of state employees, besides that in September-October average prices of oil of Urals grew to $79 for barrel against $70 for barrel in January - August. Falling of the oil prices by the end of November approximately for barrel increases to $60 probability not only maintaining neutral dynamics of demand and production, but also its deteriorations, however, leaving a scope for influence from external demand and expenses of the budget" — it is said in the document. Experts note that "the suspension of growth of economic activity which followed overheating in the II quarter is partly caused by not optimistic dynamics of consumer demand". "Retail trade after almost continuous growth since the end of 2016 stagnates for July-October of the current year that can speak the decrease in level of the real salaries in March-October on average for 0.3% a month which followed sharp increase in the wage level at the beginning of a year" — reminded in the HSE. Speaking about demand of the enterprises, experts emphasize that investments into fixed capital in January-September showed growth by 4.1% by the same period of last year that when comparing with growth in the first half of the year (3.2%) can make an impression of strong improvement of dynamics in the III quarter. "However elimination of seasonality indicates that in the III quarter of investment grew only by 0.4% by II quarter, and improvement of annual dynamics was caused by falling of investments in the III quarter of last year" — experts explain. According to experts, "the result of the first three quarters should not encourage too concerning results of 2018 in general". "As in the IV quarter of last year the sharp growth of investments was observed (6.4% by III quarter), for example, in case of preservation of investments in the IV quarter 2018 at the level of III quarters the annual growth of investments in the IV quarter will be-1.1%, and in general following the results of 2018 investments in these conditions will grow by 1.9% that means their double delay concerning growth by 4.4% in 2017" — explained in the HSE.

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