Talking Trends: signs of slower GDP growth in Q4
5 December 2023
News
In October—November, demand showed signs of cooling and there seemed to be evidence that economic activity was slowing down. At the same time, business expectations for the next year are optimistic and consumer sentiment remains high.
Price growth of goods and services has been sustainably high. However, in a sign that the Bank of Russia’s tight monetary policy stance is starting to have an effect, there has been a higher inflow of funds into time deposits alongside a decline in credit demand across several segments. This is set to bring about a gradual slowdown in inflation processes over the next few months and quarters.
More details are presented in Talking Trends, a Bank of Russia bulletin.