US-China interest rate spread narrows
China US-China interest rate spread narrows At a time when China is applying economy stimulus through monetary easing, the United States continues to tighten its monetary stance. The US Federal Rese...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Finnish exports to Russia slackened last year
Russia Finnish exports to Russia slackened last year The trend in Finnish-Russian trade last year reflected Russian foreign trade generally. Due in part to ruble depreciation, Russians cut back on t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Strong growth in Finnish-Russian trade
Russia Strong growth in Finnish-Russian trade The value of goods exports rose by 15 % last year to 3.4 billion euros. Strongest growth was in the machinery & equipment category, with the value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian imports recover to nearly same level as a year ago
Russian imports recover to nearly same level as a year ago Preliminary balance-of-payments figures released by the Central Bank of Russia show that Russia’s spending on imports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
More mixed messages about the Chinese economy
China More mixed messages about the Chinese economy China’s National Bureau of Statistics reports industrial output growth rose from 4.7 % y-o-y in October to 6.2 % in November. The improv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
April output exceeded pre-covid levels in many Russian branches
Russia April output exceeded pre-covid levels in many Russian branches Many parts of the Russian economy posted eye-popping on-year growth figures in April, thanks largely to the low base reference ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Surveys show Chinese firms hiring less
Surveys show Chinese firms hiring less For over a year, purchasing manager indexes compiled by various organizations have been indicating that firms in both the industrial and service sectors have no...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult BOFIT forecast sees 2 % GDP growth for this year, but a gradual fading in growth is underway alr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
People’s Bank of China has relaxed monetary policy only moderately to deal with the coronavirus epidemic
China People’s Bank of China has relaxed monetary policy only moderately to deal with the coronavirus epidemic On Monday (Feb. 17), the People’s Bank of China issued commercial banks 200 billion yua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
European firms propose a wide range of economic reforms to improve China’s business environment
China,economy European firms propose a wide range of economic reforms to improve China’s business environment Last month, the European Union Chamber of Commerce in China (European Chamber) released ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
China’s central bank eases monetary policy and phases out old benchmark rates
China China’s central bank eases monetary policy and phases out old benchmark rates Effective Monday (Jan. 6), the People’s Bank of China lowered the reserve requirement ratio (RRR) by 0.5 percentag...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian CBR hikes key rate again
Russia Russian CBR hikes key rate again On April 23, the Central Bank of Russia raised its key rate by 50 basis points to 5 %. In its previous rate hike a month earlier, the CBR raised the key ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
United States revises its economic sanctions regime for Russia
Russia United States revises its economic sanctions regime for Russia United States revises its economic sanctions regime for Russia The US treasury department published an amended version of one o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Chinese P2P lender proves to be pyramid scheme
Chinese P2P lender proves to be pyramid scheme Prior to its collapse last week, the peer-to-peer (P2P) lending service Ezubao, which was only founded in summer 2014, managed to accumulate assets wort...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
PBoC’s digital currency project moves ahead
China PBoC’s digital currency project moves ahead With the successful trials of state-issued digital currency in four cities (Shenzhen, Suzhou, Chengdu and Xiong’an), the People’s Bank of China will...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy continued to recover in July
Russia Russian economy continued to recover in July The covid-19 pandemic hit Russia hard this spring, but the impacts were uneven. It now appears that even most of hard-hit sectors are beginning to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia's finance ministry proposes continuing the pension funding practice of last years
Russia Russia's finance ministry proposes continuing the pension funding practice of last years Russia's finance ministry proposes continuing the pension funding practice of last years Russ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Bumpy first high-level meeting between China and Biden administration officials
China Bumpy first high-level meeting between China and Biden administration officials US secretary of state Anthony Blinken and national security adviser Jake Sullivan met with China’s foreign minis...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian GDP contracted by 3 % last year; domestic demand revived in second half
Russia Russian GDP contracted by 3 % last year; domestic demand revived in second half Rosstat released revisions of Russia’s national accounts at the beginning of this month. While its earlier...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
IMF sees rapid decay in China’s government finances
China IMF sees rapid decay in China’s government finances The IMF last month released its annual Article IV consultation on trends in the Chinese economy. China’s public sector deficit and indebtedn...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019