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Date: 3 months ago   Category: Finances

Putin has declared the record growth of salaries. And income doesn't change


Salaries, according to the president, have grown by 8,7%, record for six years. However some experts consider that these data have pulled out from a macroeconomic context of the Photo: depositphotos.com B growth of real salaries of Russians has reached this year an indicator, record for the last six years — 8,7%. It was said by Vladimir Putin at the Russian-Indian business forum. According to the president, the situation in labor market improves that creates favorable conditions for business work. However some experts consider that these data have pulled out from a macroeconomic context which is far not so positive. The opinion of the director of Institute of the social analysis and forecasting of a RANEPA Tatyana Malevoy:tatyana Mullewa the director of Institute of the social analysis and forecasting of a RANEPA "The salary grows the second year in a row. Salary, pensions grows, and the income of the population doesn't grow. First, the salary was increased before elections as year was difficult, elective, and there was an accelerated implementation of decrees of the president even in the spring. And then this growth is followed by either very insignificant growth in incomes of the population, or even falling. For example, in August there was just a fall of income. How it is possible? It is a question to the statistical measuring instrument. But actually a problem, I consider, in another: a visible part of the salary grows, and the so-called not observed salary fund is reduced, and reduced more deeply, than the formal growth of the salary. Pay attention to a condition of consumer demand. Wholesale trade, retail commodity turnover almost don't grow in the last two years". According to Rosstat, for the first eight months of this year growth of real income of Russians was a little more than 2%. At the same time in August income has even decreased — almost by 1% in annual terms. On October 5 there were new data of Rosstat on inflation for September: last month she has sharply accelerated and has made 3,4% in annual terms. The indicator has appeared above expectations of analysts, the forecast of the Ministry of Economic Development and week dynamics of the prices of Rosstat. It is very disturbing signal and for investors, and in general for economists, the vice-president of Gold Monetary House investment company Alexey Vyazovskiy:aleksey Vyazovsky the vice-president of Gold Monetary House investment company "At us says more than a half of goods in retail trade are import goods, the prices for which are indexed when the ruble falls to dollar. Devaluation of ruble which we observed at the end of summer — an early autumn, already affects. Respectively, the Central Bank will raise a rate. The rate can reach and 8%, it is even more next year, and it means, it is possible to give up as a bad job economic growth in our country, hardly GDP will grow more, than by 1%, maybe, it is even less, we can fall into recession. Therefore I don't divide an optimistical spirit of Putin. Of course, some figures, including on growth of real salaries which he specifies exist, but all this has selective character. From year to year the income of the population falls, and he doesn't speak about it.

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