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Russian consumers reluctant to spend even though economy is on cusp of recovery

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Russian households are continuing to embrace thrift even as the rouble tests new highs and inflation at the slowest in history boosts purchasing power.

Moscow

RUSSIAN consumer demand, which came undone quickly during a recession, will take time to put together again.

The pieces do not fit because households continue to embrace thrift even as the rouble tests new highs and inflation at the slowest in history boosts purchasing power

sentifi.com

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