"Russia Food & Drink Report Q4 2013" Is Now Available at Fast Market Research
A recently announced decision by the monetary authorities to rein in consumer credit growth will translate into weaker-than-anticipated private expenditure beyond 2013. We already cautioned that consumer lending growth of 39.8% year on year - the average for the twelve-month period ending in May 2013 - was unsustainable, and expected it to continue falling, weighing on household spending in 2013-2014.
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