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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>
                <item>
                    <title>Weak first half for Russian economy; EU expands sanctions</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202631_1/</link>
                    <description><![CDATA[Russia’s State Statistics Service (Rosstat) reports that the output of five core sectors of the economy (agriculture, industrial output, construction, transportation, and wholesale and retail trade), that roughly captures trends in GDP growth, increased by 0.2 % y-o-y in the first six months of the year. This positive figure suggests a mild recovery in economic activity following a weak start to the year. GDP contracted by 0.2 % y-o-y in the first quarter. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202631_1/</guid>
                    <pubDate>Fri, 31 Jul 2026 12:06:45 GMT</pubDate>
                </item>
                <item>
                    <title>China&#x2019;s GDP growth slows in second quarter</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202630_1/</link>
                    <description><![CDATA[Official figures show the Chinese economy grew by 4.3 % y-o-y in the second quarter of this year (up 3.6 % q-o-q annually adjusted), missing China’s official 4.5–5 % target range for the year. Weak household demand and lower fixed investment reduced growth from 5 % y-o-y in the first quarter (up 5.3 % q-o-q). BOFIT’s alternative GDP calculations indicate Q2 growth slowed to 3.1 % y-o-y (3.2 % in 1Q). Our estimated alternative GDP growth rate band also widened considerably (1.2–4.7 %). The IMF’s updated World Economic Outlook released earlier this month raised its Chinese GDP growth forecast for 2026 by 0.2 percentage points to 4.6 %, and by 0.1 percentage points to 4.1 % for 2027. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202630_1/</guid>
                    <pubDate>Fri, 24 Jul 2026 12:36:04 GMT</pubDate>
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                <item>
                    <title>China&#x27;s vehicle exports shift into high gear</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202630_2/</link>
                    <description><![CDATA[Chinese car production this year rose to a cumulative 15 million vehicles, of which roughly 5.3 million were exported, with over a million sent out in June – a new record. Exports grew fastest in the second quarter of the year, when nearly three million vehicles were exported from China. If China's monthly growth in vehicle exports follows previous years’ trends and the current growth pattern, this year's cumulative vehicle exports could reach 13 million. The value of Chinese car exports in the first half of this year amounted to roughly €79 billion. The value of car exports in the same period last year was €54 billion. Compared to June 2025, car exports increased by 71 % in June. Moreover, cumulative vehicle exports in 2025 only reached the 5-million mark in September and never exceeded the 1-million mark in a single month. Chinese vehicle production rose to 35 million vehicles in 2025 (30 million in 2024). The production capacity of China’s automotive sector is currently estimated at around 45–50 million units a year. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202630_2/</guid>
                    <pubDate>Fri, 24 Jul 2026 12:32:09 GMT</pubDate>
                </item>
                <item>
                    <title>Ukraine&#x2019;s economy recovers after hard winter</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202629_1/</link>
                    <description><![CDATA[Following a rough winter, calculations by Ukraine’s economy and ecology ministry show 12-month economic growth took off in March. For the first five months of the year, Ukraine’s GDP volume recovered to the same level as in the same period in 2025. In the first quarter of this year, Ukraine’s economy contracted by 0.6 % y-o-y due to Russian bombing of the country’s energy sector and transport infrastructure, as well as an exceptionally cold winter. The April-May energy situation recovered quickly with the conclusion of the warming season. Ukraine's energy production suffered extensive damage, with energy production down almost 25 % in January-May compared to the same period a year earlier. In the main sectors of Ukraine's economy, annual growth in the first five months of the year was largely positive, with retail and construction volumes growing rapidly. The positive trend in retail sales was driven by ongoing brisk growth in real wages. Similarly, construction activity remained high, namely with defence-related fortification and other construction accelerating sectoral growth overall. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202629_1/</guid>
                    <pubDate>Fri, 17 Jul 2026 11:40:59 GMT</pubDate>
                </item>
                <item>
                    <title>IMF lowers global growth estimate for this year, but expects technological development to accelerate growth next year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202628_1/</link>
                    <description><![CDATA[According to the July update of the IMF’s World Economic Outlook (WEO), global economic growth should slow from 3.5 percent last year to 3.0 percent this year, then recover to 3.4 percent next year. The forecast for this year fell by 0.1 percentage points from the IMF’s April WEO, but increased by 0.2 percentage points for the next year. The negative supply shock from the war in the Middle East has been partly offset by investment and exports from accelerated demand of products in the AI-adjacent technology value chain, such as chips and transformers. The growth forecast was lowered the most for countries dependent on oil and natural gas imports that only account for a small share in the global technology value chain, including countries in the Middle East and North Africa. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202628_1/</guid>
                    <pubDate>Fri, 10 Jul 2026 16:54:46 GMT</pubDate>
                </item>
                <item>
                    <title>Global energy demand continued to rise last year; China remains reliant on energy imports despite increased domestic production</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202628_2/</link>
                    <description><![CDATA[The Energy Institute’s latest Statistical Review of Global Energy shows that global energy demand grew last year by 1.7 % (in China 2.4 %). Renewable energy production grew fastest. In particular, solar power generation increased by as much as 30 % y-o-y. Nevertheless, 86 % of the world’s energy was still produced with fossil fuels. Global carbon dioxide emissions grew by 1.1 %, which was slightly slower than energy demand growth. CO2 emissions rose slightly in China, but US emissions growth was significantly higher. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202628_2/</guid>
                    <pubDate>Fri, 10 Jul 2026 16:52:07 GMT</pubDate>
                </item>
                <item>
                    <title>Russia faces increasing challenges in balancing its economic policies</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202627_1/</link>
                    <description><![CDATA[The rising costs of the Ukraine war have forced the Russian government to increase spending, causing the federal budget deficit to expand further. High spending growth adds to inflationary pressures, making it difficult for the central bank to lower its key rate. High interest rates also curb investment and reduce profits, especially for companies that lack access to state-subsidised financing. Output growth has slowed in sectors not linked to the war effort. High interest rates also increase the costs of servicing public debt, which is especially concerning as Russia’s rising deficit is financed with debt. Russia faces increasingly difficult economic policy choices as it pursues its war of aggression in Ukraine. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202627_1/</guid>
                    <pubDate>Fri, 03 Jul 2026 12:38:33 GMT</pubDate>
                </item>
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                    <title>Chinese retail sales show on-year drop in May</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_1/</link>
                    <description><![CDATA[China has long followed dual economic growth tracks. Manufacturing, supported by exports, has done relatively well, while domestic consumption has struggled. Keeping with this pattern, May industrial output grew by 4.5 % y-o-y, with particularly robust growth registered by high-tech manufacturing (up 15 % y-o-y) and producers of IT- and other electronic devices (up 17 %). Car manufacturing also climbed 8 %, outpacing industrial output growth overall. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_1/</guid>
                    <pubDate>Fri, 26 Jun 2026 12:50:21 GMT</pubDate>
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                    <title>Foreign government yuan bond issues &#x2013; a small, but growing market</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_2/</link>
                    <description><![CDATA[The volume of bonds denominated in Chinese yuan issued by foreign governments has risen in recent years. Such yuan bonds generally fall into one of two categories: “panda bonds” issued for the mainland China market and “dim sum” offshore yuan bonds issued outside China (mostly in Hong Kong). Although the market is still tiny, its recent growth suggests a gradual increase in the yuan’s international acceptance. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_2/</guid>
                    <pubDate>Fri, 26 Jun 2026 12:49:33 GMT</pubDate>
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                <item>
                    <title>PBoC announces pilot programme for offshore yuan trading in Shanghai</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_3/</link>
                    <description><![CDATA[At last week’s annual Lujiazui Forum in Shanghai, central bank governor Pan Gongsheng announced several incremental reforms designed to boost international use of the yuan. The measures included a pilot programme allowing China’s five big state-owned banks, along with the state-owned CITIC Bank, to engage in offshore yuan trade in the Shanghai free trade zone. Media reports claimed trading commenced immediately following the announcement. Prior to the announcement, currency traders in mainland China could only trade in onshore yuan (CNY). All yuan trading outside mainland China is conducted in offshore yuan (CNH). Most trading of offshore yuan is conducted in Hong Kong. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202626_3/</guid>
                    <pubDate>Fri, 26 Jun 2026 12:47:35 GMT</pubDate>
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