VEB Institute evaluated the impact of sanctions on the unemployment rate and incomes of Russians

In 2022, against the background of the sanctions against Russia, the unemployment rate in the country will rise to 6.2%, while the real disposable income of the population will decrease by 12%. This has been reported RBC With reference to the report of the VEB.RF Research and Specialization Institute.

At the same time, experts predict inflation to be 19.3% by the end of this year. By December 2023, VEB.RF expects the indicator to decrease to 5.3%, in December 2024 – to 4.1%.

The institute’s report says additional measures should be taken to support the Russians to lessen the impact of the sanctions. In this case, the recommendations focus on solving the urgent critical problems that have arisen as a result of the restrictions imposed by the West.

“According to our assessment, the implementation of the proposed measures could reduce the decline in disposable income to minus 10% and reduce the unemployment rate to 6% by the end of 2022,” said Raisa Lukyanenko, head of the human capital department. at the institute, he told RBC.

Maxim Reshetnikov, former head of the Ministry of Economic Development of the Russian Federation declarationHe said the Russian economy will face a process of adjustment due to the sanctions, but the margin of safety is wide.

Source: Gazeta


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