Russia has a large, but relatively poor, middle class
Russia Russia has a large, but relatively poor, middle class Alfa Bank, Russia’s largest private commercial bank, has released a study claiming that 30 % of the Russian population, about 43 mil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
International Monetary Fund lowers growth forecast for Russia
Russia International Monetary Fund lowers growth forecast for Russia The IMF’s July update to its World Economic Outlook revise the forecast for Russia’s projected 2019 growth down from 1.6 % i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Increase in outflows of private capital from Russia
Russia Increase in outflows of private capital from Russia Preliminary balance-of-payments figures show that Russia’s net private-sector capital outflow went on in the second quarter. The net outflo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s population declines, greys and increasingly packs into cities
Russia Russia’s population declines, greys and increasingly packs into cities The UN’s latest population forecast shows the Russian population falling from its current 146 million to 135 million by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia suspends flights to Georgia after July 8
Russia Russia suspends flights to Georgia after July 8 Last Friday (Jun. 21), President Vladimir Putin signed a decree suspending direct flights between Russia and Georgia citing heightened security...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Fewer sectors in Russia targeted for direct investment from abroad
Russia Fewer sectors in Russia targeted for direct investment from abroad In recent years, FDI inflows have overwhelmingly focused on the financial sector, the energy sector (basically oil & gas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s hydrocarbon-centric energy security doctrine stresses import substitution
Russia Russia’s hydrocarbon-centric energy security doctrine stresses import substitution President Vladimir Putin last week (May 13) approved Russia’s updated energy security doctrine. The document...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2021–2023
Russia,China,forecast BOFIT Forecasts for Russia and China 2021–2023 russia We have raised our economic forecast for Russia from last autumn to reflect the rise of oil prices and price expectations....
Bofit.fi / Bofit homepage / BOFIT / News / 2021
BOFIT Forecasts for Russia and China 2020–2022
Russia,China,forecast BOFIT Forecasts for Russia and China 2020–2022 Russia With the coronavirus pandemic and drop in global commodity prices proving more severe than foreseen in the baseline of our...
Bofit.fi / Bofit homepage / BOFIT / News / 2020
Russia and OPEC agree on new production limits
Russia Russia and OPEC agree on new production limits Russia, OPEC and a few other oil-producing countries announced last Friday (Dec. 7) that they were cutting back crude oil production by a t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Fixed investment growth in Russia accelerated in the third quarter
Fixed investment growth in Russia accelerated in the third quarter Fixed investment was up by over 5 % y-o-y in the third quarter of this year. In the first six months, on-year growth exceeded 3...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
FIFA World Cup boosted Russia’s tourism exports in summer
Russia FIFA World Cup boosted Russia’s tourism exports in summer During summer tourist season, which runs from April to September, foreign visitors spent about 8 billion dollars (an increase of 45 %...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and the US holding off on new sanctions
Russia Russia and the US holding off on new sanctions Russia has extended the process of handling a draft law that would impose new sanctions on the United States and possibly other countries. The l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Latest BOFIT Russia forecast sees gradual economic recovery continuing
Latest BOFIT Russia forecast sees gradual economic recovery continuing The economy recovered last year, with GDP rising 1.5 %. Relative to the swings in global oil prices, the recession was mild and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Muted market reaction in Russia to expulsion of Russian diplomats
Russia Muted market reaction in Russia to expulsion of Russian diplomats Early this week, nearly 30 countries followed the UK in expelling over 100 Russian diplomats from their countries. Many count...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Gas dispute between Russia and Ukraine continues to flame
Russia Gas dispute between Russia and Ukraine continues to flame Gas dispute between Russia and Ukraine continues to flame The Stockholm arbitration court ruled last week (Feb. 28) on gas transit f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign currency sovereign credit ratings on Russia upgraded
Foreign currency sovereign credit ratings on Russia upgraded Standard & Poor's last week raised its rating of Russian sovereign foreign bonds to investment grade (BBB-). The earlier junk-grad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Primary production up in Russia; manufacturing hardly at all
Russia Primary production up in Russia; manufacturing hardly at all At the end of last year, a nearly six-month slide in seasonally-adjusted industrial output stopped. For 2017 overall, industrial o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia’s economic contraction last year mitigated by government spending
#Russia Russia’s economic contraction last year mitigated by government spending Rosstat last week released its first assessment of Russian GDP in 2022. According to its preliminary estimate, Russia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Central Bank of Russia keeps key rate unchanged
#Russia Central Bank of Russia keeps key rate unchanged On December 16, the CBR decided to keep the key rate at 7.5 %. The decision was generally expected by market analysts. Inflation peaked i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022