Over half of Russians concerned about prospects for 2016, poll finds

Over half of Russians concerned about prospects for 2016, poll finds
Over 80% of those polled believe Russia's 2016 will be economically tough.
By Henry Kirby in London February 10, 2016

The January blues are likely to continue well into 2016, according to Russia’s Levada Center, after the Moscow-based polling company found that over half of Russians are looking to the year ahead with either anxiety or uncertainty.

The poll of 1,600 people across the country found that a 54% of respondents – the biggest share since the poll was first conducted 13 years ago – felt a sense of anxiety or uncertainty regarding the forthcoming year, while only 43% looked ahead with a sense of hope.

Those polled offered particularly grim predictions for the Russian economy and politics. 81% felt that 2016 will be a tense year, economically, and 71% felt the same regarding the country’s political outlook.

Only 1% said they feel very calm about the economy, and 3% said the same about Russian politics. Respondents were slightly less pessimistic when asked about the year ahead for themselves and their families – 37% felt calm about 2016 and 52% said they feel tense.

Russians saw their real wages fall by an average of 9% year on year in every month of 2015, while simultaneously suffering double-digit inflation throughout.

Things look likely to get worse this year, too, after the Russian Economy Ministry announced this week that the government’s assumption for 2016 of a 3% budget deficit is more likely to reach 5.1% of GDP if oil prices do not rise from their 11-year lows soon.

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