Russians are becoming increasingly pessimistic about their country's economy
Russians are gradually losing faith that the country’s economic situation can improve. According to a poll by the Public Opinion Foundation, commissioned by the Central Bank of the Russian Federation, the gap between those who expect the economy to improve over the next 12 months and those who predict a deterioration virtually disappeared in May.
This is reported by Russian propaganda media.
Researchers note that the current level of assessments of economic prospects is one of the lowest since October 2022. Additionally, a deterioration in long-term expectations has been recorded: they have been declining for the fifth consecutive month and have approached the line between optimism and pessimism.
Analysts attribute this trend to the tangible impact of inflation, rising prices, and fiscal changes in the Russian economy, which are gradually affecting public sentiment.
Russia’s economy is weaker than the Kremlin claims, according to the NYT.
Russia is seeing a trend toward staff reductions across various sectors, including IT, healthcare, logistics, manufacturing, retail, consulting, and other business services.
The Russian Ministry of Finance forecasts a sharp increase in regional budget deficits to $21 billion.
