Russia’s foreign currency and gold reserves hit record high
Russia Russia’s foreign currency and gold reserves hit record high At an estimated $630 billion, Russia had the world’s fifth largest foreign currency and gold reserves at the end of 2021. The value...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Employment in Russia returns to pre-recession levels as unemployment drops to historical lows
Russia Employment in Russia returns to pre-recession levels as unemployment drops to historical lows The 2020 recession was brief and rather shallow, causing the number of employed persons to declin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China's property taxation experiments continue
China China's property taxation experiments continue At the end of October, the Standing Committee of the National People’s Congress announced that it had authorised the government to prepare a ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
National Welfare Fund stabilises at 12 % of GDP
Russia National Welfare Fund stabilises at 12 % of GDP As of end-June, Russia’s National Welfare Fund, which holds surplus oil & gas revenues, was worth about 187.6 billion USD or 11.7 % of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian GDP contracted by 3.6 % in the third quarter
Russia Russian GDP contracted by 3.6 % in the third quarter Russia experienced an 8.0 % y-o-y drop in GDP in the second quarter as its economy struggled with the covid-19 pandemic and lock...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China’s largest provinces have economies similar in size to mid-sized emerging economies
China’s largest provinces have economies similar in size to mid-sized emerging economies The relative size of China’s provincial economies has increased dramatically in recent years due to economic g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian government deficit soared in 2015
Russian government deficit soared in 2015 Revenues to the consolidated government budget (federal, regional and municipal budgets, plus state social funds) declined 1 % in nominal rubles, while expen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged Finnish goods exports to Russia amounted to €1.5 billion in the first half, down by a third from a year ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Nominal increase in public sector revenues comes to a near halt
Nominal increase in public sector revenues comes to a near halt First-quarter revenues to the consolidated budget, which includes federal, regional and local government budgets, as well as state soci...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Oil market price volatility calms a bit
Russia Oil market price volatility calms a bit In just a month, the price of Brent crude rose from around $20 a barrel to nearly $35. The current price is now on par with levels in early March, but ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Mainland China share prices soar again; CSRC lifts moratorium on IPO listings
Mainland China share prices soar again; CSRC lifts moratorium on IPO listings Share indexes in October were up 11 % on the Shanghai stock exchange and 17 % on the Shenzhen exchange – and the upward t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China’s exports and imports continue to shrink
China’s exports and imports continue to shrink China’s foreign trade statistics show that the value of exports compared to a year earlier contracted by 2 % in May, while the value of imports was dow...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Beijing’s abysmal air quality reinforces importance of Paris climate summit
Beijing’s abysmal air quality reinforces importance of Paris climate summit The two-week UN climate summit in Paris, COP21, which convened at the start of this month, appears to be making more headwa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China’s economic output collapsed in the first two months of this year
China China’s economic output collapsed in the first two months of this year The January-February figures published by China’s National Bureau of Statistics on industrial output, retail sales and fi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Tough negotiations over Russia’s 2016 federal budget continue
Tough negotiations over Russia’s 2016 federal budget continue President Vladimir Putin last week declared that the federal budget deficit next year should not exceed 3 % of GDP. Putin’s target matche...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China’s stock markets now among the largest in the world; meteoric rise causes concerns
China’s stock markets now among the largest in the world; meteoric rise causes concerns In April, the daily trading volume of the Shanghai stock exchange exceeded 1 trillion yuan (€150 billion), maki...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Chinese goods exports performed surprisingly well in April, while imports from the US contracted sharply
China Chinese goods exports performed surprisingly well in April, while imports from the US contracted sharply Somewhat surprisingly, China Customs reports that the dollar-value of goods exports inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Slowing Chinese GDP growth approached 7 % in 2014
Slowing Chinese GDP growth approached 7 % in 2014 China’s economic growth decelerated from 7.7 % in 2013 to 7.4 % last year. Fourth quarter GDP growth was 7.3 % y-o-y, or 1.5 % q-o-q. Growth in domes...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble remains weak
Ruble remains weak While the ruble has recovered slightly from the low it reached at end-August on a slight rise in oil prices and fading capital outflows from Russia, the ruble-dollar rate has in pa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Growth of China’s credit stock slowed last year; PBoC moves ahead with targeted monetary easing
China,BOFIT Weekly Review Growth of China’s credit stock slowed last year; PBoC moves ahead with targeted monetary easing The stock of bank loans grew by 6.2 % last year. While this rate was lower t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026