China’s economic growth continued to slow in the third quarter
China’s economic growth continued to slow in the third quarter The National Bureau of Statistics reports that GDP grew by 6 % y-o-y. The growth slowdown has been extremely even: down to 6.4 % in Q1 a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russians increasing domestic travelling
Russians increasing domestic travelling Tourism abroad has fallen sharply over the past two years due to the weak ruble and falling real disposable incomes. Imports of travel services last year amoun...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China restricts peer-to-peer lenders offering loans to share purchases
China restricts peer-to-peer lenders offering loans to share purchases The China Securities Regulatory Commission (CSRC) announced this month that it was banning share purchases financed through onl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian defence spending declines, but remains substantial
Russia Russian defence spending declines, but remains substantial Russia's finance ministry reports that government defence spending fell by 25 % in nominal ruble terms last year. The defence sp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
London-Shanghai Stock Connect launches
China London-Shanghai Stock Connect launches On June 17, China’s financial markets took a small step towards internationalisation as the London Stock Exchange opened trading in depository receipts o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Hong Kong’s economy returned to positive growth last year
China Hong Kong’s economy returned to positive growth last year Hong Kong posted 6.4 % GDP growth in 2021, slightly exceeding its pre-pandemic GDP. Goods exports provided the main engine of eco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Despite unprecedented budget-cutting, Russia posts large government deficits
Despite unprecedented budget-cutting, Russia posts large government deficits Revenues to the consolidated government budget (includes federal, regional and municipal budgets plus state social funds) ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese economy faces little immediate fallout from Brexit vote
Chinese economy faces little immediate fallout from Brexit vote China’s currency markets seem to have been most affected by the outcome of June 23 UK referendum on the EU. Unlike the world’s major st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Slowing growth in Russian foreign trade
Russia Slowing growth in Russian foreign trade Even with the slowdown, the value of goods exports and goods imports increased in 3Q17 still by about 20 % y-o-y in dollar terms. The higher value of e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
One-off payments boost Russian federal budget revenues in November, spending continues to grow
#Russia One-off payments boost Russian federal budget revenues in November, spending continues to grow Budget revenues saw November spikes that lifted revenues significantly relative to November 202...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia seeks to increase food supply independence through trade and agriculture policies
Russia seeks to increase food supply independence through trade and agriculture policies Russia seeks to increase food supply independence through trade and agriculture policies Russia, which has lo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Rising housing prices in China bring both growth and increased risk to real estate markets
Rising housing prices in China bring both growth and increased risk to real estate markets China's National Bureau of Statistics reports that the rapid rise in housing prices is only under contro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged
Russia Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged Global oil prices continued to slump in the wake of their March 9 collapse. The export price of Urals-grade ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Finland’s trade with Russia declined sharply last year
Finland’s trade with Russia declined sharply last year The contraction reflects mainly lower oil prices, weak Russian demand and the ruble’s devaluation. EU-imposed sanctions on trade with Russia hav...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Lower commodity prices reduce value of Chinese imports in May; exports down just slightly
China Lower commodity prices reduce value of Chinese imports in May; exports down just slightly China Customs reports that the value of goods imports, measured in US dollars, fell by 16 % y-o-y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China's current account surplus dwindling
China's current account surplus dwindling China's first-quarter current account surplus this year amounted to just $19 billion, down from $45 billion in 1Q16. The running four-quarter surplus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Revised Rosstat figures give a significantly brighter view of recent industrial output growth
Russia Revised Rosstat figures give a significantly brighter view of recent industrial output growth Revised 2016–17 data show that Russian industrial output, rather than the 2.3 % reported earlier,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China lowers bank reserve requirements
China China lowers bank reserve requirements An across-the-board 0.5 percentage-point cut in the bank reserve requirements ratio (RRR) came into force on Monday (Sep. 16). The average RRR (not inclu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR surprises with 2 p.p. cut in key rate
CBR surprises with 2 p.p. cut in key rate The key rate was lowered to 15 % starting from Monday (Feb 2). The Central Bank of Russia said the rate cut was possible because its 6.5-percentage-point inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015