Foreign investment flows to and from China have increased yuan’s international use
China Foreign investment flows to and from China have increased yuan’s international use Over a year ago, the yuan surpassed the US dollar to become China’s most used cross-border payment currency. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time Ukraine’s GDP contracted by 29 % last year due to Russia’s illegal war of aggression. Economic activity declin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
No changes in Russian social entitlements for the time being
No changes in Russian social entitlements for the time being The national minimum wage will increase by 300 rubles to 7,800 rubles (€120) a month, but only in June 2017. The labour ministry notes the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Revised PPP weights suggest Chinese economy is smaller than previously thought
China Revised PPP weights suggest Chinese economy is smaller than previously thought The International Comparison Program, in which many major international organisations and statistical offices aro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian demand remained slack in April
Russian demand remained slack in April The volume of seasonally adjusted retail sales continued to fall last month, declining about 5 % from April 2015. Household real incomes dipped from March, and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Liquidity in Russian banking sector recovers
Liquidity in Russian banking sector recovers Poor economic performance, fluctuations in the ruble’s exchange rate, the drop in foreign financing and increase in household savings rate have affected t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine gets new IMF programme
Ukraine Ukraine gets new IMF programme At its meeting this Tuesday (Dec. 18), the executive board of the International Monetary Fund (IMF) voted to grant Ukraine a new Stand-By Arrangement (SBA). Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China’s foreign trade contracted in January-February
China China’s foreign trade contracted in January-February China Customs valued the country’s goods exports in January-February at 350 billion dollars, a 5 % decrease from the first two months of 20...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Pressure on Russian government finances continues to increase
Pressure on Russian government finances continues to increase First-quarter revenues to the consolidated budget (federal, regional and municipal budgets plus state social funds) were down about 3 % f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
IMF disburses new loan tranche to Ukraine
IMF disburses new loan tranche to Ukraine At its meeting on Wednesday (Sept. 14), the executive board of the International Monetary Fund voted to grant Ukraine the third tranche of its four-year $17....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Consumption and industrial output continued to decline in November
Consumption and industrial output continued to decline in November Rosstat reports that the seasonally adjusted volume of retail sales contracted in November for the eleventh month in a row this yea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian finance ministry expects spending on defence and social security to plateau next year
Russian finance ministry expects spending on defence and social security to plateau next year In its budget policy framework proposal, the finance ministry noted it expects defence and social spendi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Decline of investment limited by oil and gas sector
Decline of investment limited by oil and gas sector Total investment of the economy has fallen since spring 2013. Last year, investment contracted 2.5 % y-o-y, and in the first quarter of this year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian domestic demand down sharply in April
Russian domestic demand down sharply in April The slide in the volume of retail sales accelerated to 10 % y-o-y, a drop similar to that witnessed during the 2009 recession. In January-April, th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF forecasts uneven development for the global economy
IMF forecasts uneven development for the global economy In its latest World Economic Outlook (WEO) released this week, the IMF sees economic growth strengthening in advanced economies this year, whil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Boom in Chinese tourism balances goods trade surplus
Boom in Chinese tourism balances goods trade surplus The goods trade surplus hit record highs again in January and February, with exports rising 15 % y-o-y and imports dropping by 20 % y-o-y. The gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian inflation averaged 11.4 % in 2014
Russian inflation averaged 11.4 % in 2014 Inflation staged a dramatic pickup in November and December. Preliminary Rosstat figures show food prices increasing at an on-year rate above 15 % in Decembe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian economic growth remained moderate in October
Russia Russian economic growth remained moderate in October Russian manufacturing growth in October accelerated to above 3.5 % y-o-y (growth averaged just over 2 % in the first nine months...
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
Russian economy showing more signs of recovery
Russia Russian economy showing more signs of recovery Russian economy showing more signs of recovery Following a weak spell in June and July, Rosstat reports that seasonally and workday-adjusted in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017