Russian real household incomes slide
Russia Russian real household incomes slide The drop in household incomes gained slight momentum in the third quarter, falling by 2.5 % y-o-y in real terms. The drop so far has been less precip...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian defence spending has increased rapidly
Russian defence spending has increased rapidly The annual global military spending report from the Stockholm International Peace Research Institute (SIPRI) finds that the ratio of government defence ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government budget revenues decline precipitously, spending soars
Russia Russian government budget revenues decline precipitously, spending soars Revenue streams to the consolidated budget, an aggregate of federal, regional and local budgets plus state social fund...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China seeks long-term economic growth through innovation processes
China seeks long-term economic growth through innovation processes OECD estimates show China’s R&D investment rose from $33 billion in 2000 to $336 billion in 2013. Innovation activity has focuse...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian government spending in stimulus mode last year
Russian government spending in stimulus mode last year Consolidated budget revenues declined last year by only about 3 % in nominal terms (the consolidated budget comprises federal, regional and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
United States moves ahead on dismantling sanctions on aluminium giant Rusal
Russia United States moves ahead on dismantling sanctions on aluminium giant Rusal The US treasury department notified Congress on December 19 of its intent to lift sanctions on the energy company E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian imports finally on the rise
Russian imports finally on the rise Measured in US dollars, the value of imported goods rose at a rate of nearly 6 % y-o-y in the third quarter. In the on-year terms, it was the first increase in imp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR lowers key rate; no further interest rate cuts expected this year
CBR lowers key rate; no further interest rate cuts expected this year At its regular meeting on September 16, the Central Bank of Russia executive board dropped the key rate by 0.5 percentage points ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian economic decline started to slow in June
Russia Russian economic decline started to slow in June The economy ministry estimates that the 12-month drop in GDP was no longer more grave than 6.5 % from June 2019, following the roughly 11...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Several factors affect decline in Russian household income and spending
Several factors affect decline in Russian household income and spending Private consumption last year fell by 5 % and real household incomes by 6 %, even as the average real wage rose slightly. Sever...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Contraction of Russian economy accelerated in September
Russia Contraction of Russian economy accelerated in September Preliminary figures from the economic development ministry show Russian GDP contracted by 5 % y-o-y in September, a slightly highe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Chinese economy stumbled in April
China Chinese economy stumbled in April Covid lockdowns and the resulting uncertainty and supply-chain disruptions caused China’s key economic indicators to plummet in April. The National Bureau of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
State gives small income hikes and tiny tax reliefs to Russians
Russia State gives small income hikes and tiny tax reliefs to Russians Wages and pensions paid out of government budgets at various levels fell sharply in real terms in 2014–16 on small nominal cost...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
More light on developments in the Russian economy last year
Russia More light on developments in the Russian economy last year Rosstat reports that seasonally adjusted GDP grew briskly from the final months of 2016 to mid-2017. The revival then came to a hal...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes The finance ministry expects consolidated budget revenues to rise slightly faster than inflation in comi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Bulls run at Moscow Exchange
Russia Bulls run at Moscow Exchange The strong rise in oil prices (BOFIT Weekly 27/2021) and recovery of the Russian economy from the depths of last year’s Covid Recession (BOFIT Weekly 33/2021) hav...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
No changes expected in Russian corporate taxation in coming years
No changes expected in Russian corporate taxation in coming years Last week, finance minister Anton Siluanov presented his ministry’s proposed tax policy framework for 2016–2018. He promised that the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government submits proposals to the Duma on raising the retirement age and VAT hike
Russia Russian government submits proposals to the Duma on raising the retirement age and VAT hike Last week the government finally agreed on a long-discussed move to raise the retirement age. As pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR lowers key rate; announces around 4 % inflation target for coming years
Russia CBR lowers key rate; announces around 4 % inflation target for coming years CBR lowers key rate; announces around 4 % inflation target for coming years At its regular monetary policy meeting...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Tough November for China’s economy as covid situation worsens and export demand evaporates
China Tough November for China’s economy as covid situation worsens and export demand evaporates China’s declining retail sales, a proxy for consumption demand, highlight the impacts of the latest w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022