A full recovery of the retail market to pre-crisis levels may take place by the end of this year. Such terms were called by analysts of Deloitte, writes Kommersant.
It is noted that retail turnover will grow by eight percent to $ 510 billion, which is in line with the indicators of 2019. At the same time, the share of Russians willing to increase spending is growing, from 8 to 12 percent, and the number of people who save money is decreasing.
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Deloitte predicts further growth and reaching the 2010-2011 level by 2024 to a turnover of $ 600 billion or 44.3 trillion rubles at the current exchange rate. The Russians, in turn, changed their ideas about the state of the economy, pessimism despite the pandemic and the rise in prices fell from 77 to 61 percent.
The general director of Infoline-Analytica Mikhail Burmistrov expects that sales of non-food products will grow by 19.5 percent, foodstuffs – by 11 percent. He explained that the growth rate was due to increased consumption, with the highest rates for household goods, clothing, footwear, household appliances and electronics.
Earlier, the Bank of Russia named the best way to fight inflation. According to analysts of the Central Bank, artificial limitation of price growth works temporarily, and then can harm the economy. The best way to stabilize price increases is targeted material assistance to the poor.
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