Tepid growth outlook for Russia
Tepid growth outlook for Russia The January update of the IMF's World Economic Outlook sees a slightly stronger revival in growth for advanced economies than in its October forecast, but the glob...
Bofit.fi
Corruption dies hard in Russia
Russia Corruption dies hard in Russia Russia has performed equally worse in Transparency International’s (TI) Corruption Perception Index rankings during recent years. Russia’s overall point score h...
Bofit.fi
Russia’s economy minister arrested
Russia’s economy minister arrested Russia’s Federal Investigative Committee announced very early Tuesday morning (Nov. 15) that economy minister Alexei Ulyukayev had been detained. It was further not...
Bofit.fi
Russia’s banking sector weakens
Russia’s banking sector weakens The troubles of the real economy are beginning to manifest in banking sector performance. While banks overall are still profitable, the number of loss-making banks ros...
Bofit.fi
Russia’s economic slowdown continues
Russia,economy,BOFIT Weekly Review Russia’s economic slowdown continues Preliminary Rosstat figures show Russian GDP grew by 3.1 % y-o-y in the third quarter. For the first nine months of the year, ...
Bofit.fi
Household borrowing up in Russia
Russia Household borrowing up in Russia Bank lending overall saw a slow recovery in the first half of the year. CBR figures show Russia's credit stock was up 3.4 % y-o-y at the end of June. Corp...
Bofit.fi
Russia posts record grain harvests
Russia Russia posts record grain harvests By the conclusion of the harvest season on November 1, over 135 million metric tons of grains and other grain staples had been harvested – an all-time recor...
Bofit.fi
Russia revises industrial output data
Russia revises industrial output data Rosstat's 2015 figures for GDP production components were revised upwards earlier this winter, and the 2016 figures were less negative than expected. Both ou...
Bofit.fi
Russia's economic recovery: waiting
Russia's economic recovery: waiting Rosstat reports that seasonally and workday-adjusted industrial output recovered in March, after a weak February. In the first quarter, industrial output was v...
Bofit.fi
Domestic demand in Russia recovers
Domestic demand in Russia recovers Rosstat reports that the seasonally adjusted volume of retail sales increased slightly in April. Sales were the same as a year ago. Because the recovery was precede...
Bofit.fi
Russia foregoes daylight savings time
Russia foregoes daylight savings time In line with the Duma’s decision last summer that Russia would remain on standard time year round, Russians last Sunday did not “spring forward” an hour like the...
Bofit.fi
Russia’s creditworthiness battered again
Russia’s creditworthiness battered again Last Friday (Feb. 20), the international credit ratings agency Moody’s lowered its rating of Russian foreign-currency government sovereigns from their lowest ...
Bofit.fi
Fitch downgrades Russia’s creditworthiness
Fitch downgrades Russia’s creditworthiness International credit ratings specialist Fitch announced last Friday (Jan. 9) that it had cut its ratings on Russian sovereign debt from BBB to BBB-, Fitch’s...
Bofit.fi
Concerns emerge over Russia’s slowing growth
russia,economy,BOFIT Weekly Review Concerns emerge over Russia’s slowing growth Rosstat this week affirmed its preliminary first-quarter GDP growth estimate of 1.4 % y-o-y, bolstering the view that ...
Bofit.fi
Russia lays out hydrocarbon-based energy strategy
Russia,energy,economy Russia lays out hydrocarbon-based energy strategy The Russian government prepares a national energy strategy at regular intervals. The 2009 strategy paper, which covered the p...
Bofit.fi
BOFIT Forecast for Russia 2024-2026 / 2
<p>The latest forecast from BOFIT, the Bank of Finland’s Institute for Emerging Economies, sees Russian economic growth this year exceeding its previous estimate made last April. The higher 2024...
Bofit.fi
Sanctions on Russia further tightened in June
Russia Sanctions on Russia further tightened in June The European Union, United States and United Kingdom expanded their economic sanctions on Russia in June. The new round of sanctions are intended...
Bofit.fi
BOFIT Forecast for Russia 2023-2024 / 1
Russia,forecast BOFIT Forecast for Russia 2023–2024 is published Russia’s unprovoked invasion of Ukraine and the economic sanctions imposed on Russia drove the Russian economy to the verge of crisis...
Bofit.fi
Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate Last Friday (Oct. 25), the Central Bank of Russia lowered its key rate by 50 basis points. The new key rate is 6.5 %. The CBR board noted that 12-m...
Bofit.fi
BOFIT Forecasts for Russia and China 2019-2021
Russia,China,forecast BOFIT Forecasts for Russia and China 2019–2021 Russia Russia’s high growth last year was spurred by transient factors, and growth is expected to subside to lower levels this ye...
Bofit.fi