BOFIT forecasts low growth for the Russian economy in coming years
Russia BOFIT forecasts low growth for the Russian economy in coming years Our latest BOFIT forecast for Russia, which covers the 2018–2020 period, sees GDP growth this year remaining below 2 %,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Forecasters downgrade China’s 2022 GDP growth forecast, see high growth rates for India and predict a lower-than-expected contraction of the Russian economy
China,India,Russia Forecasters downgrade China’s 2022 GDP growth forecast, see high growth rates for India and predict a lower-than-expected contraction of the Russian economy In its latest World Ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government budget revenues weaken; high inflation erodes stimulus effects
Russia Russian government budget revenues weaken; high inflation erodes stimulus effects May federal budget revenues were up by just 10 % y-o-y in nominal terms. The rise was gravely insufficie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government spending cushions fixed investment decline
Russia Russian government spending cushions fixed investment decline In Russia, the real volume of fixed investment declined in the second quarter by about 7.5 % y-o-y. The drop was less steep ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China increased its share of EU foreign trade in 2015
China increased its share of EU foreign trade in 2015 The EU28’s goods imports from China last year rose 16 % y o y to €350 billion. The value of total non-EU goods imports increased 2 %. The value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
IMF lowers its forecast for Russian GDP
IMF lowers its forecast for Russian GDP The IMF’s newest World Economic Outlook projects a nearly one-percentage point deeper contraction in Russian GDP in 2016 than in its January forecast. The IMF ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian inflation continues to pick up steam
Russian inflation continues to pick up steam Consumer prices showed in July-August their fastest on-month rise for years. In August consumer price inflation was nearly 16 % y-o-y and food prices were...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian accounts inspector finds problems with National Welfare Fund use
Russian accounts inspector finds problems with National Welfare Fund use The Accounts Chamber of the Russian Federation reports that assets invested from the National Welfare Fund to finance large i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF releases second loan tranche to Ukraine
IMF releases second loan tranche to Ukraine On July 31, the IMF Board voted to release the second tranche of the Extended Fund Facility (EFF) approved last March. The latest tranche was for $1.7 bil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble exchange rate turned to drop
Ruble exchange rate turned to drop Ruble exchange rate turned to drop After a long appreciation trend, the ruble has begun to depreciate along with falling oil prices. The price of Urals-grade crude...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government and businesses have cut back on investments
Russian government and businesses have cut back on investments Total fixed investments fell by about 12 % in real terms in 2014–2016. The ratio of fixed investments to GDP is just 21 %. Government in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
European Commission invites comments on EU-Gazprom gas dispute
European Commission invites comments on EU-Gazprom gas dispute An investigation launched in autumn 2012 into European gas markets initially found that Gazprom violated EU competition rules in many EU...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Varying performance in Russian manufacturing branches last year
Varying performance in Russian manufacturing branches last year In 2015, the volume of manufacturing output fell 5.4 %. Last year, the output was virtually unchanged from 2015. Credit for ending the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Significant differences in pace of development in various sectors of the Russian economy
Russia Significant differences in pace of development in various sectors of the Russian economy Manufacturing activity, when measured in the real volume of gross value added produced (GVA), has been...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
The slide of Russian output deepened in April
The slide of Russian output deepened in April Rosstat reports Russian GDP contracted 1.9 % y-o-y in the first quarter, and that the volume of economic activity as measured by indicators for the five ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Putin's newest May Decree sets out typical government target and task list through 2024
Russia Putin's newest May Decree sets out typical government target and task list through 2024 As with Putin's third inauguration in 2012, he laid out on Monday (May 7) a new to-do list for ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian output shows transient spike in December
Russian output shows transient spike in December Industrial output growth accelerated in December, particularly in a couple of manufacturing branches. Some experts suggest that the acceleration large...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian competition bureau has plenty on its plate
Russia Russian competition bureau has plenty on its plate As part of the release of the 13th annual report of Russia’s competition agency, the Federal Anti-Monopoly Service (FAS), agency head Igor A...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Recovery in Russian fixed investment continued in 2018
Russia Recovery in Russian fixed investment continued in 2018 Fixed investment rose by 4.3 % last year (4.8 % in 2017, with Rosstat’s latest round of revision raising the figure a bit). The level of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Changes planned for Russian public sector spending structure already next year
Russia Changes planned for Russian public sector spending structure already next year Changes planned for Russian public sector spending structure already next year The finance ministry's conso...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017