Labor migrants set a record // Monitoring of the labor market

In the second quarter of 2022, a record number of labor migrants entered Russia, according to a review by the consulting company FinExpertiza, based on migration statistics from the Ministry of Internal Affairs. In April-June of this year, their number reached 3.12 million people, which exceeds the figures for the same period over the past … Read more

The US labor market did not notice the recession // Monitoring of the world economy

The unemployment rate in the US in July, despite the reduction in the country’s GDP in the first half of the year, fell from 3.6% to 3.5%, 528 thousand jobs were created during the month, according to data from the US Department of Labor. Over the previous four months, the average monthly increase in the … Read more

One seventh of the global recession // The IMF again worsened the forecast for global GDP growth

Global GDP growth in 2022, amid the continued effects of the pandemic and the continuation of the crisis in Ukraine, will slow to 3.2%, according to the new International Monetary Fund (IMF) World Economic Outlook, which is now 0.4 percentage points lower than the April forecast. The implementation of the negative scenario, which includes a … Read more

Housing is out of reach // OECD proposes changing property taxes to cope with prices

Years of steady growth in the price of a square meter, which has accelerated during the pandemic and may receive a new impetus in the form of rising central bank rates in developed countries, makes it increasingly difficult for the young and poor to access housing, and an increasing share of housing is concentrated in … Read more

Between inflation and recession // The ECB began to tighten monetary policy

The European Central Bank (ECB) raised key rates for the first time in 11 years – and immediately by 0.5 percentage points, which brought the deposit rate out of the negative zone. The reason for the tightening of monetary policy, which was twice as sharp as expected, was the continued rise in inflation in the … Read more

The cashier gathered at the pharmacies // Pharmretail survived the first stage of the special operation

Unlike other segments of non-grocery retail, pharmacies have not curtailed their development amid the crisis provoked by the military actions of the Russian Federation in Ukraine, continuing to open new outlets. This was facilitated by the high demand for medicines – only in March, pharmaceutical retail increased revenues by 72.5%, to 173 billion rubles. According … Read more

National projects are recognized as a supporting structure // The government sees their implementation as a way of economic adaptation

The current and forthcoming changes in the budget policy caused by the sanctions against the Russian Federation are unlikely to significantly affect the national projects. Financing of 15 national projects increased from 2.6 trillion rubles. in 2021 up to 3 trillion rubles. in 2022, there will be no radical changes either in planned indicators or … Read more

Overflight statistics // Air transportation in Russia fell by 30% in April

As Kommersant found out, Russian airlines transported a little more than 5 million people in April, which is a third less than a year ago. Aeroflot lost more than a third of traffic year on year, and Ural Airlines showed the strongest drop – by 45%. Kommersant’s sources in the industry feared a much deeper … Read more