Turkey- 80 percent of Russians see economy in crisis

2/14/2016 7:49:53 AM

(MENAFN- The Journal Of Turkish Weekly) More than four-fifths of Russians believe their country is currently in a state of economic crisis according to a poll by the independent Levada Center.

The poll released this week found that 21 percent of Russians believe the economic crisis will be last "many years" while another 23 percent believe it will last at least two years.

Forty-seven percent of respondents blame the crisis on falling global energy prices while 33 percent blame corruption 27 percent blame Western sanctions and 26 percent blame "excessive" spending on defense and the bureaucracy.

In addition more than half of respondents said the crisis had forced them to economize on spending for food and other necessities.

Fifty-eight percent said they have cut back on daily spending compared to 37 percent a year ago.

Forty percent of respondents said spending on food accounts for more than half of their total household income.

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