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Search resuls for: "Anton Kotyakov"


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Real wages in Russia increased by 7.6% in the first 11 months of 2023, beating inflation. Russia's economy remains resilient due to wartime spending and government subsidies. AdvertisementRussia's wartime labor crunch is boosting salaries so much that wage gains are beating inflation. Real wages have risen 33.2% over six years, he added. As the war Ukraine heads into its third year, Russia's economy appears resilient.
Persons: , Anton Kotyakov, Vladimir Putin's, Putin, Elvira Nabiullina, Nabiullina Organizations: Service, Russia's, Labor, Social Protection, TASS, Bloomberg Locations: Russia, Ukraine
Other economists say Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit. 'NOT ALL GROWTH IS GOOD'The International Monetary Fund expects Russia's economy to grow faster than all G7 economies this year but less than emerging European economies. Military expenditure has supported economic growth of countries at war throughout history. According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global financial crisis in 2009. "I don't see current economic growth as lasting or qualitative," said Nadorshin.
Persons: Darya Korsunskaya, Alexander Marrow, Vladimir Putin, Sergei Khestanov, Alexandra Suslina, CAMAC, Rosstat, Anton Kotyakov, Yevgeny Nadorshin, Central Bank Governor Elvira Nabiullina, Darya, Gareth Jones Organizations: Statistics, Reuters, Soviet Union, International Monetary Fund, IMF, Labour, PF, Central Bank Governor Locations: Russia, Ukraine
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