Russian central bank lowers its key rate; growth in corporate borrowing slows
russia,BOFIT Weekly Review,economy Russian central bank lowers its key rate; growth in corporate borrowing slows At its regular meeting on June 6, the Central Bank of Russia’s board of directors dec...
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Former visitors
researchers Visitor Period of Visit Research Institute Laurent Weill 07.01. - 10.01.2025 University of Strasbourg Luu Duc Toan Huynh 07.01. - 17.01.2025 Queen Mary University of London Yi Wei 10.02. ...
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BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year
Russia BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year The acceleration of Russian economic growth to 2.3 % last year was largely driven by transient factors....
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The third unit of the natural gas liquefaction plant in Yamal went into operation in November
Russia The third unit of the natural gas liquefaction plant in Yamal went into operation in November The plant is located on the coast of the Arctic Ocean. It brought its first unit, or train, on st...
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CBR issues monetary policy guidelines for 2020−2022
Russia CBR issues monetary policy guidelines for 2020−2022 Maintaining price stability will remain the top monetary policy priority for the Central Bank of Russia in coming years. This means, in pra...
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Improved Russian federal budget performance; deficit shrinks
Russia Improved Russian federal budget performance; deficit shrinks 2017fourth-quarter budget revenues were again up significantly from 4Q16 (not including funds received in 4Q16 from the sale of a ...
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Russian federal budget revenues continue to deteriorate
Russia Russian federal budget revenues continue to deteriorate Nominal revenues to the federal budget in June were up by a meagre 1.5 % y-o-y. This translates to a very large drop in real terms...
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State enterprises and the state may generate around 40 % of Russian GDP
Russia State enterprises and the state may generate around 40 % of Russian GDP Rosstat reports that in recent years 11–12 % of revenues of all firms and organisations (excluding funding received fro...
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International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies
Russia International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies The IMF’s July World Economic Outlook sees global growth at...
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Russian CBR hikes key rate again
Russia Russian CBR hikes key rate again On April 23, the Central Bank of Russia raised its key rate by 50 basis points to 5 %. In its previous rate hike a month earlier, the CBR raised the key ...
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While consumption fell, Russian economic indicators generally point to recovery in November
Russia While consumption fell, Russian economic indicators generally point to recovery in November The economy ministry estimates that Russian GDP contracted by 3.7 % y-o-y in November, i.e. sl...
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Crude oil prices rise above $50 a barrel
Crude oil prices rise above $50 a barrel With a pandemic wiping away demand, the price of crude oil last spring collapsed to unprecedented lows. The price of e.g. Brent crude stabilised at around $40...
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Russian economy continued to recover in July
Russia Russian economy continued to recover in July The covid-19 pandemic hit Russia hard this spring, but the impacts were uneven. It now appears that even most of hard-hit sectors are beginning to...
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Russian foreign trade remains very weak
Russian foreign trade remains very weak The value of Russian goods exports in the third quarter was down nearly 40 % y-o-y in dollar terms and about 25 % in euro terms. Low export prices were largely...
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Russian GDP grew by just 0.6 % last year
Russian GDP grew by just 0.6 % last year 2014 saw a marked slowdown in the pace of economic growth last year from 1.3 % in 2013. Private consumer spending was the main factor supporting growth, but a...
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Moscow stock prices tanked last year
Moscow stock prices tanked last year The Moscow Exchange’s RTS index fell 43 % last year from a high of 1,388 points to 791 points. The steepest drop came in December on the sharp drop in crude oil p...
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Mixed signals on direction of Russian economy
Mixed signals on direction of Russian economy The slide in domestic demand continued in October as seasonally adjusted retail sales, reflecting private consumption which is the largest demand compone...
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China posted strong export performance last year; fossil fuels represent a large share of imports
China,economy,BOFIT Weekly Review China posted strong export performance last year; fossil fuels represent a large share of imports China Customs reports that the dollar value of China’s goods expor...
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Statistical reforms provide improved picture of Russian household spending
Russia Statistical reforms provide improved picture of Russian household spending New figures show that the large contraction in real household incomes of recent years was a little milder than ...
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Russian growth in the past couple of years driven largely by extractive sector, trade and public administration
Russia Russian growth in the past couple of years driven largely by extractive sector, trade and public administration New GDP data show that among the largest sectors output of extractive industrie...
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