Over half of Russians say economic conditions deteriorate in 2014 - poll

Russians are rather pessimistic about the general condition of the national economy: 56% believe the economic settings have deteriorated over the past year and 37% argue there has been no change, according to a survey conducted by Romir Holding.

Russians are rather pessimistic about the general condition of the national economy: 56 percent believe the economic settings have deteriorated over the past year and 37 percent argue there has been no change, according to a survey conducted by Romir Holding.

Only 7 percent of 1,500 respondents polled in all federal districts in late November declared an improvement.

People in million-plus cities pointed to a regression trend in the Russian economy in the current year more often than other respondents (66 percent). The number of pessimists was also large in the Southern and North Caucasian Federal Districts (67 percent).

There are similar forecasts for next year: 47 percent expect a further decline and 40 percent say there will be no change.

Yet twelve percent are expecting the Russian economy to grow next year. That opinion was mostly characteristic of people living in cities with a population from 500,000 to 1 million (54 percent).

The respondents were also asked to assess the financial status of their families. Some 49 percent of respondents said the financial position of their families did not change over the year and 47 percent did not expect any change in the approaching year.

Forty-four percent said their financial position became more complicated and 38 percent expected that problems would deteriorate in 2015. The opinion was most frequently expressed by respondents older than 60 (54 percent).

Eight percent claimed a positive change and 16 percent were hopeful their financial position would improve next year. That opinion was mostly supported by respondents aged from 25 to 34 (24 percent).

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