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Incomes of Russians could fall stronger than in the 1990s. “the Autumn will be heavy”

Доходы россиян могут упасть сильнее, чем в 1990-х. «Осень будет тяжелой»

Citizens of Russia can lose in real disposable income more than in the record year of 1999, has assumed in conversation with URA.RU a former teacher of the higher school of Economics (HSE) Urfu Konstantin Yurchenko. The expert explained that the fact that the crisis is still not exhausted, and thus the recession will continue.

“The potential of this crisis to the end of the year is exhausted. It is very likely that the drop in incomes of Russians will exceed the 1999 level. If today we are already at the level of 1999-2000 are, and will continue to be decreased, it is likely to descend below,” — said Yurchenko.

He believes that even with optimistic forecasts, Russia will not emerge from the crisis before the end of winter or beginning of spring 2021. This means that the peak revenues will be in autumn this year. “Now the population continues to rely on previously made savings, they come to the end gradually. The autumn will be difficult,” — explained the expert.

 

However, large falls in revenues will not be reassured Yurchenko. Perhaps this figure will fall to 1.5% -2% per month, suggests the ex-lecturer of the HSE, the Ural Federal University. In the past the second quarter of 2020, real disposable incomes of Russians fell by 8%, wrote the Agency Nation news. At the moment more than 12.5% of Russians in a month receive less than minimum wage.

 

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