The World Football Championship left a mark not only in memory, but also in the state budget. Russia, of course, became richer after the tournament. This is indicated by the next figures in the report of the Central Bank. The championship, which split the two summer months, contributed to the retail trade of the country, as well as to exports. Retail "stirred up," accelerating growth to three percent in annual terms. Export added almost twice as much. "The growth of retail trade turnover in June 2018 accelerated to 3% in annual terms.
An additional contribution to its increase (about 0.2 p. yoy) contributed to the holding of the World Cup. At the same time, the growth in sales of foodstuffs in June 2018 was expected to accelerate more rapidly than non-food products, "reads the review" Economics: Facts, Evaluations, Comments "published on the Central Bank website. The report also notes that thanks to the championship, the public catering and services will succeed, for example:.
hotel business and transport industry. Increased demand for "made in Russian" goods, respectively, has played into the hands of exports. "According to estimates, in the second quarter of 2018, the physical volume of exports grew by 5-6% YoY," it follows from the text posted on the portal. Increased demand - including the merit of a stable labor market, says the regulator. Salaries increased: in July - by 7.2% per annum, in May - by 7.6%.
The economic benefits of the 2018 World Cup were discussed earlier. In the second quarter, the growth of Russian GDP is approximately 2%. Approximately the same effect analysts expect in the second half of the year.
In general, GDP in the second quarter increased by 1.8-2.2% in annual terms, estimated by the Central Bank. In "The economy is close to the potential. In these conditions, the expansion of consumer demand will contribute to a gradual increase in inflation to 3.5-4% by the end of 2018, "the Bank of Russia.