Macro Analysis /
Russia

Macro Insights: Russian Macro Stats 8M21: Inflationary risks constrain growth

  • Recent Russian macro statistics were disappointing for the growth story

  • Retail trade up 5.3% y/y in August

  • Social payments amounted to at least RUB700 bn in August-September

Natalia Orlova
Natalia Orlova

Chief Economist

Alfa
4 October 2021
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