Belousov allowed an increase in the consumption of goods in Russia in 2022

The peak of the decline in consumption of goods this year has passed, said First Deputy Prime Minister Andrei Belousov. According to him, now this figure will grow throughout the year, the growth will continue in 2023. However, the largest drop in investment is still expected, the Deputy Prime Minister said.

“In terms of consumption, we have passed or are passing through the peak of the decline. This is a drop in real incomes, trade turnover, which happened due to a jump in inflation in the middle of the year, somewhere in the second or third quarter – this is the peak, ”said Mr. Belousov, speaking at an interregional forum on the implementation of the investment standard (quote from Interfax ).

The Deputy Prime Minister said that the consumption of goods in 2022 may “linger on a plateau” or fall by 8-9%. However, he believes that the most likely option is a further increase in this indicator, which, according to him, is evidenced by a number of signs.

At the same time, Andrei Belousov noted that the decline in investment in Russia is just beginning. The peak of the fall in investment, Mr. Belousov believes, will fall in the first half of 2023. “This is due to the situation with incomes in industries, and with profits in industries, and with restrictions on production, imports, and equipment,” he added.

Anastasia Larina