The Russians started earning more and spending – Rossiyskaya Gazeta

The Russians began to spend more money than last year, shifting from savings to consumer behavior. People also began to receive more consumer credit.

This is said by the head of Sberbank, the German Gref.

He noted that, however, domestic demand, which is based on raising people's cash income, is smaller than we would have liked but is growing. In an interview with the Russia-1 television channel, Gref said the wages and income of the Russians are increasing.

Source link