A press conference of
Natalia Orlova stated a slowdown in economic growth rates but said against that backdrop a rather strong consumption trend prevailed and its rise continued alongside a downward trend in investment. The
Nevertheless, the evolving slowdown is not a result of a liquidity shortage in the economy, Natalia Orlova opined. «There is liquidity in the economy, which is the reason why we have been witnessing a capital outflow year after year. Capitals are going away because companies do not find a sufficient use for this money. In other words they make money but are not ready to invest,” Natalia Orlova pointed out,
In addition, Natalia Orlova noted that an increase in salaries the Russian economy had been seeing was fundamentally linked to the deficit of human resources.
The aforementioned factors and many others create a risk of higher inflation, Natalia Orlova presumed. «2015 inflation risks have significantly increased, 8% inflation has been forecasted and the price growth rates may reach up to 10% in the middle of the year,” the analyst responded to a question about inflation. «The mounting inflationary pressure, the sanctions and FRS rates to be increased in 2015 are fraught with the risk of a new round of growth in domestic rates. In the
In her words, the slowing economy is the only factor which curbs down inflation.
In recent years Russian citizens were not saving more than they did in the previous periods, Natalia Orlova said, «The savings ratio in Russia keeps at around 10% of income, same as it was before the 2007–2008 crisis although inflation rates have slowed down.” Natalia Orlova indicated that savings were being
Speaking about an economic growth forecast for southern Russia, the