The consumer confidence in Russia took a major hit last April. The good news is this level of confidence has since recovered, but as the curves? show, it was not very high to begin with. #Russia #ConsumerConfidence #EastOffice https://t.co/Zkh3Nyme5Q

Sep 1 was school year start in #Russia and teachers get flowers. This year obviously more than year ago. Sberindex consumption for 31.8.-6.9. (vs 2019) All +3,7% Services -9,4% (was -34% in June) Restaurants -16,3% Clothes +25,5% Flowers +32,7% Computers +74,3% #eastoffice

Hard Times, Great Expectations? Rosstat revised #Russia GDP drop for 2Q20 to -8% (earlier 8,5%) Expected for 2020: -3,9% (MinEcon) -4,9% (Fitch) -5,5% (Moody’s) Alfabank expects return to long-term growth +1..1,5% after pandemic over. #eastoffice https://t.co/x3vvUhdFLT