Russian incomes set to stay below 2014 levels until 2018

Russian incomes: The average Russian will continue to be worse off than than they were in 2014 until at least 2018, according to the latest forecasts from the country’s Ministry of Economic Development  that have been leaked to Vedomosti
In the ministry’s worst scenario, a combination of the  moratorium on the accumulative pension contributions and the preservation of tight credit conditions will see investment levels fall throughout next year, along with real incomes that will be hit by higher inflation, the removal of the indexation of public-sector wage rises and pension increases being limited to 4%. The figures are due to be discussed by the Russian cabinet today.  

Source: Rosbalt