CBR sees Russian economy contracting 3.5–4 % this year
CBR sees Russian economy contracting 3.5–4 % this year The central bank forecast further expects the GDP to fall 1–1.6 % in 2016 but return to growth of 5.5–6.3 % in 2017. The CBR’s outlook assumes t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Growth of government revenues and expenditures just kept up with inflation in 2014
Growth of government revenues and expenditures just kept up with inflation in 2014 Revenues to the consolidated budget, that is the overall government budget (federal, regional and municipal budgets ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Semblance of calm returns to banking sector
Semblance of calm returns to banking sector The ruble’s collapse crested in mid-December (Dec. 16–17), followed by a frenzy of withdrawals from bank deposit accounts. However, the situation calmed in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches
Russia Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches The Russian economy has largely recovered from the recession in spring 2020,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New Delhi summit winds up India’s G20 presidency
#India New Delhi summit winds up India’s G20 presidency Hosted in the capital city of New Delhi, Indian prime minister Narendra Modi welcomed a large contingent of world leaders to the G20 summit on...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Moderate global growth expected next year
world economy Moderate global growth expected next year The strength of global economic growth surprised many observers this year. A major driver was the robust performance of the US economy, which ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Chinese efforts to stave off economic slowdown to continue in 2024
China Chinese efforts to stave off economic slowdown to continue in 2024 In recent months, China has employed a wide variety of measures to stimulate economic growth (BOFIT Weekly 44/2023). Most of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Sluggish growth in global trade
#worldeconomy Sluggish growth in global trade Several international forecasters have revised their economic outlooks in recent weeks. The IMF’s World Economic Outlook (WEO) released last week now se...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
IMF raises its forecast for global economic growth
world economy IMF raises its forecast for global economic growth In its latest World Economic Outlook released this week, the International Monetary Fund now sees annual global growth reaching 3.0&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Healthy increase in Finnish exports to China last year
China Healthy increase in Finnish exports to China last year Finnish Customs values Finland’s goods exports to China last year at 3.5 billion euros, an increase of 4 % from 2017. Exports set a nearl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Despite yuan promotion policies, international use of the currency remains modest
China Despite yuan promotion policies, international use of the currency remains modest The yuan (CNY), which is still not freely convertible due to China’s strict currency controls, has yet to esta...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Trade dispute gives impetus to long-stalled economic reforms in China
China Trade dispute gives impetus to long-stalled economic reforms in China Chinese officials this summer implemented reforms aimed at easing access of foreign firms to China’s markets. Measures inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Robotisation of China zooms along
China Robotisation of China zooms along China has been the world's largest market for industrial robots since 2013, and accounted for 30 % of global industrial robot sales in 2016. The Internati...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
This year’s economic goals rolled out at National People’s Congress
China This year’s economic goals rolled out at National People’s Congress On Saturday (Mar. 5), the 2,980-member People’s National Congress convened for a week-long plenary session in Beijing. As pa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Finland-China trade soared in the first half
China Finland-China trade soared in the first half Finnish Customs reports the goods trade between Finland and China grew by 20 % y-o-y in the first half of this year. Growth exceeded that of Finni...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Maize boosts this year’s grain harvest in China
China Maize boosts this year’s grain harvest in China China’s National Bureau of Statistics reports that the country’s total grain harvest this year amounted to 683 million metric tons, a 2 % i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China nears euro area in terms of consumed foreign value added of goods and services
China China nears euro area in terms of consumed foreign value added of goods and services The OECD released its latest Trade in Value Added (TiVA) assessment in mid-November. The figures cover 66 e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economic situation remains weak
Russian economic situation remains weak In the first two months of this year, seasonally adjusted and workday-adjusted industrial output continued to lack clear direction. After lurching ahead in Jan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian inflation slowed substantially in 2016
Russian inflation slowed substantially in 2016 Consumer prices were up 5.4 % y-o-y at the end of December, the lowest pace for 12-month inflation since spring 2012. Inflation was nearly 13 % at the e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China is Myanmar’s most important trading partner
China China is Myanmar’s most important trading partner At the beginning of February, China’s foreign affairs ministry issued a tepid statement noting the military coup in Myanmar and hoped that the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021