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Putin Raises Concern about Slow Real Incomes Growth

  • 28 Aug 10:18

Russian President Vladimir Putin called on the central bank and top government officials to find ways to boost the growth of real incomes in the country which he called “insufficient”, state-run news agencyTASSreported. “Given the increase in wages in the economy, real incomes of people are growing slowly. This raises concern,” the Russian leader said, opening a meeting on economic issues. The issue of real disposable incomes has recently been one of the most socially-sensitive in Russia where economic growth has slowed from an average of about 7% a year from 2000-2008, coupled with a steep drop in the ruble amidWestern sanctionsand lower. Read more...