Half of Russians think worst is yet to come for economy, poll finds

Half of Russians think worst is yet to come for economy, poll finds
While the overall impression among Russians of the economy was a negative one, 45% said that they are generally satisfied with the life they lead.
By Henry Kirby in London March 15, 2016

More than half of Russians believe that the worst is yet to come for the country’s economy, while a quarter believe they are currently experiencing the peak of the crisis, a poll by Moscow-based VTsIOM has found.

The poll, conducted on February 20-21, asked respondents to assess the situation of the country on a number of different criteria. As the bneChart below shows, when asked if the ongoing economic crisis in Russia is likely to end anytime soon, 52% said they believe the worst is yet to come – roughly the same percentage that has for the past four months.

While the majority offered up a grim prognosis when asked about Russia’s economy, 70% had a positive outlook when asked about the country’s overall situation.

The poll findings point to a population that is increasingly struggling to look ahead with any real conviction. 36% said that they would like to plan ahead, but find it practically impossible at the moment.

Another VTsIOM poll, conducted a week later on February 27-28, asked respondents to rate their lives on a number of criteria of wellbeing, taking average positive and negative answers to produce indices for each measure, with a minimum possible score of -100 and a maximum of 100.

 

As the interactive bneChart above shows, the index of Russia’s economic situation has actually seen a slight uptick since the turn of the year, growing from 17 to 24 between January and February, suggesting that while the economic outlook of most Russians remains negative, the day-to-day reality is that current economic constraints are manageable.

This is also reflected in the overall life satisfaction index, which has seen a sharp spike in 2016, following a gradual decline from the first half of 2014.

 

 

Data

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss