New Russian Crisis: Consumption Fall Against Social Apathy

Abstract

Both dynamics and structure of GDP, incomes and expenditures of population in years of 2009, 2014-2015 are analyzed. It is found out that population perceives the current crises as a one being long and transferring to economic stagnation. Increase of prices of import goods and reduction of their volume influenced GDP structure and deflators of its components which brought about a large gap between production price indexes from the one side and price indexes of final GDP use - from the other one. Strong consumption reduction could to a certain extend reflect pessimistic expectations of high and middle income households. Untypical for recession profit growth causes sharp decrease of real wages.