Russians are spending big on travel and cognac. But the boom is just one 'last growth spurt,' says an analyst.
Briefly

Russian consumer sentiment is rising post-Ukraine invasion, propelled by increased spending. The economy expanded 4% in Q2, yet analysts predict a deceleration amidst labor shortages and budget-driven growth.
Consumer spending in Russia is surging, notably in culture and travel, with a substantial rise in consumption per capita. The expansion is underpinned by state expenditure and elevated wage pressures.
Read at Business Insider
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