Ё-МАЁ
Registered Member
Imagine knowing. GDP growth and inflation have a weak correlation, and 10% does not eat up the 4% you think.Dude, as I said, do you even know what 4% GDP growth in a 10% inflation rate mean?
Now I'll tell you something. High inflation in Russia is connected with high wage growth. This is the main driver of inflation. High wage growth is due to a shortage of labour ( and this is with unemployment less than 2% and 5,000,000 migrants ) And in order to keep employees employers are forced to raise wages . High wage growth stimulates loans, which again fuels inflation. With high wages, people tend to buy flats, cars and other expensive goods. To cool interest in loans, the Central Bank maintains a high interest rate. Now, according to statistics, the interest in loans is decreasing.





