The middle class of Russia is said to be slowing down. This is said to be due to the sanctions placed on Russia in the recent Russian-Ukrainian dispute. Sixty percent of Russian citizens are said to be of the middle class but that account was taken in 2010 which had increased for a nearly thirty percent increase from 2001. The economic growth is slowing down which is also preventing the middle class from growing larger. Some people have predicted that the middle class of Russia will not be affected in a big way but others think it will deplete drastically. Since the economy is bad, this will reduce the amount of jobs and make the unemployment rate increase. Also, the middle class of Russia will not be buying many extra goods or services because they don't have the money to spare during these hard times. This means they won't be buying American products which may hurt or economy slightly.
Work Cited
Eremenko, Alexev. "Russia's Growing Middle Class in for a Scare | Business."
The Moscow Times.
The Moscow Times, 21 May 2014. Web. 31 May 2014.
<http://www.themoscowtimes.com/business/article/russias-growing-middle-class-in-for-a-scare/500635.html>.
