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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>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>
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                    <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>
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                    <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>
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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>
                </item>
                <item>
                    <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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                    <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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                    <title>Indian economic growth accelerated last year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202625_1/</link>
                    <description><![CDATA[The first preliminary estimates indicate that India’s GDP grew by 7.7 % between April 2025 and March 2026 (fiscal year), more than half a percentage point higher than in FY24/25. Growth accelerated to 10.7% in the secondary sector (includes manufacturing and industrial processing), as well as 11 % in the tertiary sector (services including banking and insurance). The primary sector of the Indian economy, which includes agriculture, mining and allied activities, experienced slightly lower growth. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202625_1/</guid>
                    <pubDate>Wed, 17 Jun 2026 13:00:29 GMT</pubDate>
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                    <title>OECD reports Chinese firms enjoy far more industrial subsidies firms in than other countries</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_1/</link>
                    <description><![CDATA[At the start of June, the Organisation for Economic Co-operation and Development (OECD) released a  report based on its Manufacturing Groups and Industrial Corporations (MAGIC) database of subsidies to large industries. According to the report, industrial subsidies have increased globally in recent years, with companies at least 25 % state-owned on average receiving considerably larger subsidies shares than their privately-held counterparts. Geographically, Chinese firms have received considerably more subsidies than companies elsewhere throughout the sample period of 2005–2024. For example, in 2024, large Chinese firms received industrial subsidies averaging 3.1 % of their sales revenue. In comparison, industrial subsidies in Europe amounted to around 0.5 % of sales revenue and in North America to 1.2 % of sales revenue. Subsidies in India and Brazil, two other major emerging economies, were distinctly lower than in China. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_1/</guid>
                    <pubDate>Fri, 12 Jun 2026 10:42:49 GMT</pubDate>
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                    <title>China&#x2019;s direct investments in Europe rose significantly last year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_2/</link>
                    <description><![CDATA[At the end of May, Rhodium Group and the Mercator Institute for China Studies (MERICS) jointly published their annual update of China’s foreign direct investment (FDI) flows to countries in the EU and the UK. China’s direct investments in Europe last year rose by 67 % to 16.8 billion euros. Following seven consecutive years of decline, investments have increased over the past two years, but at levels well below the peak years of 2016–2017, when China invested more than 40 billion euros annually in Europe. Last year, the EU and the UK accounted for nearly a quarter of China’s total FDI (17 % in 2024). About 60 % of Chinese outward FDI went to developed countries. The report estimates that the total value of Chinese FDI grew last year by 18 % to 69 billion euros, and was well over a third of the 2017 peak (182 billion euros). ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_2/</guid>
                    <pubDate>Fri, 12 Jun 2026 10:41:02 GMT</pubDate>
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                <item>
                    <title>Russian economy stabilising after weak start of the year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202623_1/</link>
                    <description><![CDATA[Trends in Russian GDP growth tracked using Rosstat’s composite index of five core sectors of the economy (agriculture, manufacturing, construction, freight transport, as well as wholesale and retail sales) show growth in March-April of roughly 2 % y-o-y, up from an on-year contraction of nearly 3 % in January-February. Russia’s economic development ministry estimates that GDP grew by 1.3 % y-o-y in April. Due to weakness in the first two months of 2026, on-year GDP growth in January-April was essentially zero. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202623_1/</guid>
                    <pubDate>Fri, 05 Jun 2026 11:32:54 GMT</pubDate>
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