Russians are beginning to realize the extent of the economic difficulties their country is facing. Their economic expectations have suddenly plummeted, according to a survey conducted by the Public Opinion Foundation (FOM). The organization conducts monthly surveys for the Central Bank of Russia on inflation expectations, consumer behavior, and population saving trends, and quarterly evaluates four economic indicators to calculate indices on economic prospects.
In the fourth quarter, all indices recorded declines, and three of them – significant, reflecting an increasingly pessimistic perception of the economy’s evolution over the next year, notes FOM. The biggest drop was recorded in the index regarding the standard of living of the population: in October it was 85 points – 8 points less than in July and the lowest level since December 2022.
The index on production prospects fell by 5 points over a quarter, reaching 130. Although it remains in the “positive” area (over 100 points) and is the only indicator with optimistic expectations from the citizens, it is still at the lowest level since the beginning of the war, in March 2022.
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