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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>Russian GDP growth remains sluggish despite huge increases in government spending</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202645_1/</link>
                    <description><![CDATA[The pace of Russian economic growth remained low in September. The preliminary estimate from Russia’s economic development ministry finds GDP grew just 0.5 % y-o-y in September and was only up by 0.6 % y-o-y during the first nine months of this year. The divergence in Russia’s two-track economy continues, with sectors linked to the war growing rapidly supported by government spending, while particularly the oil industry has been hard hit by Ukrainian strikes. Inflation has been fuelled by the government’s ballooning deficits and lost production capacity caused by Ukrainian strikes. The central bank has paused rate cuts and needs to keep the key interest rate high in order to fight inflationary pressures. The government finds it increasingly difficult to fund its rising expenses and its borrowing needs are already hurting the financing possibilities of private sector firms. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202645_1/</guid>
                    <pubDate>Fri, 06 Nov 2026 10:26:13 GMT</pubDate>
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                    <title>Slight rise in China&#x2019;s official 3Q growth figure</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_1/</link>
                    <description><![CDATA[Official figures show the Chinese economy grew in the third quarter at an annual pace of 4.5 %, with a quarter-on-quarter gain of 1.2 %. Growth accelerated slightly from the second quarter (4.3 % y-o-y and 0.9 % q-o-q). Growth in 2026, which has overall remained within the government’s official target range of 4.5–5 %, continues to be supported mainly by industrial output and exports. Domestic demand growth remains tepid. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_1/</guid>
                    <pubDate>Fri, 30 Oct 2026 10:25:04 GMT</pubDate>
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                    <title>China&#x2019;s domestic lending slows further</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_2/</link>
                    <description><![CDATA[China’s bank lending stock grew by just 4.8 % y-o-y in September. The pace of lending growth has slowed in recent years, and is currently at its lowest level since the data series began in 1998. Demand for loans has been subdued, even though monetary policy has attempted to allocate inexpensive financing to select sectors. The domestic loan stock of Chinese banks equalled 194 % of GDP as of end-September. Loan stock growth has been slightly lower than the growth in nominal GDP, so its size relative to GDP decreased slightly from last year (195 % of GDP in September 2025). ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_2/</guid>
                    <pubDate>Fri, 30 Oct 2026 10:23:49 GMT</pubDate>
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                    <title>China&#x2019;s central bank continues to build up gold reserves</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_3/</link>
                    <description><![CDATA[The PBoC reports that it has purchased roughly 100 metric tons of gold this year for its foreign currency and gold reserves. End-September figures put gold reserves held by the central bank at 2,410 tons ($324 billion), making it the fifth-largest sovereign gold holdings after the US, Germany, Italy and France. The share of gold in China’s forex and gold reserves has increased rapidly as a result of gold-buying and a rise in global gold prices. As of end-September, 9 % of China’s $3.8 trillion currency reserves was as gold, up from just 2 % a decade ago. The PBoC has remained largely silent on its motivations for gold accumulation. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202644_3/</guid>
                    <pubDate>Fri, 30 Oct 2026 10:21:18 GMT</pubDate>
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                    <title>Ukraine&#x2019;s economic outlook dims with ongoing destruction of export infrastructure</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202643_1/</link>
                    <description><![CDATA[Ukraine’s economic growth came to a halt during the first half of 2026, with its GDP volume remaining at roughly the 2025 level. Industrial output contracted by 1 % y-o-y in the January-August period. Much of the decline was driven by Russia’s focus on destruction of key logistical infrastructure and major production facilities. The mining &amp; mineral extraction sector was dragged down by a 19 % y-o-y drop in mining of metallic ores. In the manufacturing sector, metallurgy suffered from increased Russian bombing, contracting by 13 % y-o-y in the first eight months of this year. One of Ukraine's most significant steel producers, Zaporizhstal, has been under attack since August and production has been halted. Demand from the domestic defence industry, however, has partially sustained the manufacturing sector. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202643_1/</guid>
                    <pubDate>Fri, 23 Oct 2026 12:03:14 GMT</pubDate>
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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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