Russian investment and consumption lower than 5 years ago

RUSSIA / FSU POLITICS - In Brief 30 Jan 2019 by Alex Teddy
Fixed investment was 4.5% lower in 2018 compared to 2014. Retail is almost 11% below what it was in 2008. Real wages are 10% lower than in 2014. In 2008 the government strove to stimulate the economy with pensions and wage hikes. This policy has been abandoned since 2014. The Ministry of Economic Development is sanguine about growth. Most experts believe this is unduly optimistic. 1.2% growth this year at best.

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