Recession hits Russian regions
Recession hits Russian regions Private consumption has fallen considerably. The volume of retail sales in the first half was down 6–12 % y-o-y in most of the eight Federal Districts. The decline in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
President Putin speaks to foreign investors at St. Petersburg international economic forum
President Putin speaks to foreign investors at St. Petersburg international economic forum Putin thanked investors who have continued to operate in Russia despite the political situation. He noted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble appreciation enters third month
Ruble appreciation enters third month The ruble’s recent recovery reflects stabilisation of global oil prices and reduced foreign currency demand in Russia. Demand for foreign currency is no longer a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian social security system – expensive and rigid
Russian social security system – expensive and rigid A fresh World Bank report finds Russia's social security costly and complex. Social spending on federal and regional levels, and via social fu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Even with stabilisation of oil prices, the ruble has lost value in recent months
Russia Even with stabilisation of oil prices, the ruble has lost value in recent months The external value of the ruble has traditionally tracked – almost slavishly – changes in world crude oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian oil production growth slows
Russian oil production growth slows Preliminary figures from Russia’s energy ministry show oil output (incl. gas condensates) grew 2 % y-o-y in the first half of 2016. Output growth has slowed in rec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Shanghai Cooperation Organization meets in Tashkent
Shanghai Cooperation Organization meets in Tashkent The Shanghai Cooperation Organization (SCO), founded in 2001, consists of Russia, China and four Central Asian countries (Uzbekistan, Kazakhstan, K...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Contraction of the Russian economy slowed this year
Contraction of the Russian economy slowed this year Rosstat reports that GDP fell 1.2 % y-o-y in the first quarter. Russia’s economy ministry noted that the impact of leap year blunted the drop. The ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR keeps key rate unchanged at 11 %
CBR keeps key rate unchanged at 11 % The Central Bank of Russia stated that inflation has slowed down in recent months, but inflation risks remain elevated. Hence, the CBR board of directors decided ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Response of Russian labour market to the economic crisis manifested through various channels
Response of Russian labour market to the economic crisis manifested through various channels The covid-19 epidemic has shaken Russia’s labour market with declining employment, rising unemployment, wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016 Russia’s economy has shrunk substantially this year, in response to the collapse of oil prices in 2014. The newe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year
Russia No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year Despite facing a deep recession, Russia’s leaders have so far not moved v...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian economic growth continued much slower in March
Russia,economy,BOFIT Weekly Review Russian economic growth continued much slower in March Russia’s economic development ministry estimates that the country’s GDP growth fell in March to just 1.4 % y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Iran war and energy sector bombardment deal a double blow to Ukraine’s economy
BOFIT Weekly Review,Ukraine Iran war and energy sector bombardment deal a double blow to Ukraine’s economy Damage to Ukraine’s energy sector depressed first quarter growth Preliminary figures from t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
While Russian officials wish for public spending to spur economic growth, experts remain sceptical
Russia While Russian officials wish for public spending to spur economic growth, experts remain sceptical Many Russian officials hope that the elixir to cure Russia’s malaise of low economic growth ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian defence spending large, even after declines
Russia Russian defence spending large, even after declines Russian government defence spending fell slightly in nominal ruble terms last year. In real terms, defence spending is down, but reminiscen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian markets supported by administrative measures
Russia Russian markets supported by administrative measures After a nearly month-long closure, the Moscow Exchange has been opened gradually. Trading has still been quite limited, however. For examp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recent Russian market swings fairly modest compared to other emerging markets
Russia Recent Russian market swings fairly modest compared to other emerging markets In recent months, foreign investors have been selling their assets in emerging economies. Some of the sell-offs h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth in Chinese and Russian arms exports lags growth of other major arms suppliers
China,Russia Growth in Chinese and Russian arms exports lags growth of other major arms suppliers The latest report on global arms transfers from the Stockholm International Peace Research Institute...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Outlook for Russian businesses grows cloudier in June
Russia Outlook for Russian businesses grows cloudier in June The monthly PMI readings, which are based on surveys of Russian purchasing managers by market intelligence provider S&P, give a sense...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022