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Magnit Rout Shows Russian Consumer Fading As Rates Rise
date:Apr 29, 2014
followed by OAO Aeroflot, the nations biggest airline, with an 87% advance. OAO M.Video had jumped 24% last year.

Expensive Money

Money is getting more expensive and that is going to have an impact on all sectors, including retail, Alexander Morozov, chief economist for Russia at HSBC Holdings Plc, said in a phone interview from Moscow. Retail sales will continue to slow down and the sector overall looks very weak because of declining disposable incomes and a slowdown in consumer lending.

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12/24 23:17