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    <channel>
        <title>Weekly RSS</title>
       
        <link>https://www.bofit.fi/en/rss/weekly-rss/</link>
        <description><![CDATA[]]></description>
        <language>en</language>
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                    <title>Global economy continues to grow despite Iran war</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_3/</link>
                    <description><![CDATA[The global economy has experienced exceptional turbulence this decade, including the Covid-19 pandemic and rising geopolitical tensions. Despite these shocks, global economic growth has exceeded forecaster expectations as countries, firms and consumers have managed to adapt to a changing environment. This surprising resilience is on full display this year with the global economy humming along despite the Iran war and disruption in global energy supplies. Despite a clear increase in energy prices, even steeper price hikes have been avoided by exploiting alternative supply routes for oil and refined oil products in the Middle East and through the depletion of national oil inventories. The decline in China’s crude oil imports in the early stages of the Iran war also helped to bring balance to global oil markets. Capital investment in artificial intelligence (AI) has been another factor supporting the global economy. The AI boom, which has been particularly pronounced in the United States, has helped sustain US economic growth as well as growth in semiconductor-chip-exporting countries in East Asia (especially Taiwan and South Korea, and also China). ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_3/</guid>
                    <pubDate>Fri, 16 Oct 2026 11:05:33 GMT</pubDate>
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                    <title>India tightens its monetary stance</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_2/</link>
                    <description><![CDATA[On October 7, the Reserve Bank of India (RBI) raised its benchmark repo rate by 25 basis points to 5.5 %. It was the central bank’s the first monetary tightening since 2023. During that period, the repo rate declined slowly from a peak of 6.5 %. The Monetary Policy Committee (MPC), which is responsible for interest-rate setting, has signalled that the era of accommodative monetary policy is over and that interest rates will either remain unchanged or raised further in coming months. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_2/</guid>
                    <pubDate>Fri, 16 Oct 2026 11:02:48 GMT</pubDate>
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                    <title>China-EU trade talks yield results</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_1/</link>
                    <description><![CDATA[An EU trade delegation led by trade commissioner Maros Sefcovic was in Beijing last week to meet with a Chinese trade team led by vice premier He Lifeng and trade minister Wang Wentao. Sefcovic said a goal of the discussions was to find ways to put trade relations on a more equal and balanced footing. The negotiations, as noted in the joint statement , resulted in a promise from China to limit its exports of hybrid cars to Europe. Following the talks, sources specified that the EU is imposing an annual import quota on Chinese hybrid cars of 350,000 units next year, with a 6 % increase in the quota each subsequent year. Sefcovic noted the quota restricts imports of hybrid cars from China to less than half the current EU estimate of 800,000 hybrids this year. The import quota applies to all car manufacturers with production in China. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202642_1/</guid>
                    <pubDate>Fri, 16 Oct 2026 10:58:06 GMT</pubDate>
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                    <title>Russia&#x2019;s growth slows further, government finances remain in the red</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202641_1/</link>
                    <description><![CDATA[Trends in the Russian economy have been weak this year. Rosstat reports Russian GDP grew by just 0.6 % y-o-y in the first half of 2026. The economic development ministry estimates that 12-month growth during January-August was slightly higher at 0.8 %. Growth is expected to slow further in the years ahead. Russia’s this year’s budget deficit will be again larger than originally planned. The government’s just-released three-year budget framework assumes that deficits continue throughout the 2027–2029 period. Even these projected deficits, however, could understate the eventual deficits when realised. Despite Russia’s troubled economic outlook, the country has sufficient resources to sustain the production capacity and financing needed to pursue its war on Ukraine. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202641_1/</guid>
                    <pubDate>Fri, 09 Oct 2026 11:48:57 GMT</pubDate>
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                    <title>Presidential meeting yields no reset in US-China relations</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202640_1/</link>
                    <description><![CDATA[Chinese president Xi Jinping’s state visit to the United States last week (Sept. 23–25), which appeared to be largely ceremonial, resulted in no substantial changes in relations between the two superpowers. Ahead of the presidents’ meeting, it was announced that the 12-month “ceasefire” in the trade war agreed last year would be extended to January 10, 2027. Unless otherwise agreed, measures including China’s tightened export restrictions on exports of rare earth elements (REEs) enter into force on that day. The presidents are expected to meet at two more occasions this year. President Donald Trump plans to travel China for the APEC summit in Shenzhen in mid-November, and Xi plans to return to the US to attend the G20 summit in Miami in mid-December. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202640_1/</guid>
                    <pubDate>Fri, 02 Oct 2026 12:30:43 GMT</pubDate>
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                    <title>Hong Kong releases its first five-year plan</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202640_2/</link>
                    <description><![CDATA[On September 16, Hong Kong published its first five-year plan for economic and social development (2026–2030). The plan supports mainland China’s five-year plan for the same period. The Hong Kong special administration region (SAR) had previously not used five-year plans in guiding economic and social development as the role of the state has traditionally been significantly smaller than in mainland China. The new plan seeks to align Hong Kong’s development with China's innovation and development plans and deepen integration. Some observers worry that the introduction of a five-year plan represents an initial step towards increased government regulation and limitation of Hong Kong’s free market economy. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202640_2/</guid>
                    <pubDate>Fri, 02 Oct 2026 12:29:51 GMT</pubDate>
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                    <title>Russia&#x2019;s struggles with weak economic trends and rising inflationary pressure</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202639_1/</link>
                    <description><![CDATA[While Russia’s output growth has slowed again in recent months, inflationary pressures have risen due in part to Ukrainian strikes on Russian infrastructure. The strikes, have translated to higher fuel prices among other things. Loose fiscal policy has also increased the risk of higher inflation. The federal government deficit continues well above the amount budgeted for the entire year. The finance ministry is currently finalising its latest three-year budget framework. Higher-than-expected government spending could alter Russia’s inflation outlook next year if the federal deficit continues to balloon. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202639_1/</guid>
                    <pubDate>Fri, 25 Sep 2026 12:22:40 GMT</pubDate>
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                    <title>Chinese economic trends continue to follow two paths</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_1/</link>
                    <description><![CDATA[China National Bureau of Statistics (NBS) reports retail sales grew nominally a mere 0.4 % y-o-y in August. Real growth, which takes inflation into account, likely contracted. Retail sales growth, a rough indicator of domestic consumer activity, has remained very sluggish since late last year. NBS reports growth in services sales outpaced growth in retail goods sales (nominal growth of 4.9 % y-o-y for January-August). Combined nominal goods and services retail sales increased in the first eight months of this year by 2.5 % y-o-y. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_1/</guid>
                    <pubDate>Fri, 18 Sep 2026 11:42:19 GMT</pubDate>
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                    <title>China moves towards a more stable real estate sector</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_2/</link>
                    <description><![CDATA[At the end of August, Chinese officials issued an extensive package of new regulations that will significantly reshape the financing model of real estate developers. The reforms aim to reduce developer reliance on sales of yet-to-be-built apartments (pre-sales) and improve legal protection of apartment buyers. Above all, the authorities seek to make the sector’s operating model less risky. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_2/</guid>
                    <pubDate>Fri, 18 Sep 2026 11:41:17 GMT</pubDate>
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                    <title>China injects new funding for large banks and insurance companies; mergers for small rural banks</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_3/</link>
                    <description><![CDATA[On Sunday (Sept. 6), eight state-owned banks and insurance companies announced plans to arrange a directed share issue with the finance ministry acting as the share subscriber. The national tobacco company and its subsidiaries will also be subscribing to share issues for two commercial banks. The issues will raise a total of 360 billion yuan (47 billion euros or 0.2 % of GDP). At the same time, state ownership in the funded entities will increase slightly. The capital injections are designed strengthen banks’ and insurers’ balance sheets. The main justification for pumping money into banks seems to be to give them greater leeway in channelling funding to various sectors of the economy in fulfilling the government’s economic policy objectives and reverse the recent slowdown in economic growth. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202638_3/</guid>
                    <pubDate>Fri, 18 Sep 2026 11:40:24 GMT</pubDate>
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