Posted on 08/12/2024 5:06:12 AM PDT by dennisw
Russia's consumer sentiment hit a high in June as its wartime economy boosted spending. The sentiment index has risen since April 2022, despite the Ukraine invasion. Russia's economy grew 4% in the second quarter of the year. Economists expect this to slow. Russian consumers are spending large and feeling big about their finances.
In June, Russia's consumer sentiment hit a high not seen since the 2000s, according to Levada Center, Russia's last major independent pollster.
Russian consumers are on a spending spree Russia's GDP grew 4% in the second quarter of this year from a year ago. It's a slowdown from the 5.4% growth logged in the first quarter, but it's still robust growth. In contrast, the US economy grew 2.8% in the second quarter of this year.
Russia's booming economy has boosted consumer spending, in particular on culture, hotels, transportation services, and personal services, according to a Financial Times analysis of official data last month.
According to the FT, consumption per capita in Russia increased by more than 20% from 2021 to 2023. In particular, spending on travel surged more than 90% thanks to a boost from domestic tourism.
Last year, Russia's imports of cognac and sparkling wine surged 18% and 80% from 2019, respectively, according to an estimate from the Economist media outlet.
Broadly, "consumption is booming due to a combination of massive budget spending and labor force shortages leading to strong wage pressures," Bartosz Sawicki, a market analyst at the fintech Conotoxia, wrote in a note last month.
(Excerpt) Read more at msn.com ...
Maybe different definitions of alcoholism by country health depts.
Someone else asked for the whole list of consumption.
https://en.wikipedia.org/wiki/List_of_countries_by_alcohol_consumption_per_capita
Per capita and liters are liters, a much more pure measure of reality than arbitrary definition of disorder.
Within 20 years the Russians will control only 3 time zones. Only up to the Ural Mountains. By hook or by crook or by war. The Chinese will own all of Russia East of the Urals. All that mineral wealth you mention. Chinese masses will swarm over the sparse Russian populations East of the Urals. Half or more of those Eastern "Russians" are really non-Russian ethnics and Asiatics, who will welcome the Chinese.
That's who YOU are in bed with.
The question is about alcoholism and alcohol disorders of Russian men, so that obviously is the more relevant criteria.
Within 20 years the Russians will control only 3 time zones
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What are you a time traveler? It is far more likely the US breaks up and becomes just another third world nation.
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