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Ministry of Economic Development: Russians' incomes will not recover to the level of 2019

Ministry of Economic Development: Russians' incomes will not recover to the level of 2019
Photo: pixabay.com

The Ministry of Economic Development and Trade does not expect the recovery of Russians' incomes to pre-crisis levels in 2021. In 2020, they fell by 2,8%, and in 2021 they will add only 2,5%.

As they write "News», Income growth will be restorative. This dynamics was achieved due to a decrease in the number of unemployed and due to an increase in real wages. Income from entrepreneurship and property also increased.

Income recovery is also taking place through targeted social support measures. New payments for families with children, pregnant women and single parents are helping to increase the income of Russians.

In this case, inflation in Russia, according to forecasts of the Ministry of Economic Development, will amount to 7,4%. Earlier, inflation was projected at 5,8% at the end of 2021.

 

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