The Russian economy has passed or almost passed the peak of overheating.
This is indicated by data from the Central Bank, whose analysts conducted a survey among approximately 15 thousand companies.
The regulator has recorded a number of signals indicating that the Russian economy has passed the peak of overheating, Izvestia writes.
Firstly, the business climate indicator (BCI) has decreased. In July, it dropped to 7.7 points, although in June it was 10.6.
The largest declines were recorded in the wholesale trade and mining sectors.
Secondly, statistics on lending and the state of the labor market indicate a cooling of the economy.
Taken together, key indicators show that the economy is set to slow down in the near future. In the first half of the year, it accelerated to 5%.
Experts do not expect Russia to go into recession yet. Rather, it is a slowdown.
And this has its advantages, analysts say. For example, one of the consequences should be a reduction in inflation.
