Russia’s partial mobilisation harms consumer, business confidence — cenbank analysts
FILE PHOTO: People bid farewell to reservists drafted during the partial mobilisation in the Siberian settlement of Bolsherechye in the Omsk region, Russia September 25, 2022. REUTERS/Alexey Malgavko
MOSCOW (Reuters) — Russia’s partial mobilisation is having a negative impact on consumer and entrepreneurial confidence, while also posing new challenges for small and medium-sized companies, Russian central bank analysts said on Wednesday.
They also said in a note that the resulting labour force contraction could hold back overall economic activity in coming months. The analysts added that the impact of mobilisation could have both disiflationary and pro-inflationary factors.