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Russians cut spending more than others due to coronavirus

Russians cut spending more than others due to coronavirus
Photo: pixabay.com
According to a study by BCG and Romir Holding, Russians are cutting their spending more than consumers in other emerging markets. Russians are spending only five categories of goods and services.

According to RIA News, researchers conducted a survey of about 1 people from all over Russia. The final data showed that millennials reduce their spending much more than generation Z.
The basis was taken 40 categories of goods and services. The increase in spending in the near future is expected only for utility bills, the Internet and communications, over-the-counter medicines and fresh products.

The largest decline is in the leisure and entertainment category. Russians do not plan to spend money on restaurants, spas, concerts. At the same time, a decrease in the next six months is expected in other areas, but most of all lose shopping malls and street trading establishments.
September 23: current information on coronavirus in the Far East
Digest of regional events and latest statistics