Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy Based on ILO methodology, Russia’s unemployment rate was 5.8 % in April. The unemployment rate has climbe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Capital outflow from Russia continued strong due to foreign debt payments
Capital outflow from Russia continued strong due to foreign debt payments The net capital outflow of private sector in the first quarter was $33 billion, down from $48 billion a year earlier. Banks p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade On Monday (Jan. 26), Standard & Poor’s lowered Russian sovereign foreign currency borrowing to BB+, a notch below i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Despite rapid growth, Russia’s housing loan market is still relatively small
Despite rapid growth, Russia’s housing loan market is still relatively small Starting from a very modest level, the total stock of housing loans issued by banks has increased at over 30 % a year sinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank
china,economy,BOFIT Weekly Review SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank This year’s 25th Shanghai Cooperation Organ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government
#Russia Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government Real growth in fixed investment exceeded 3 % y-o-y in the third q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows
Russia Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows After a several months’ pause, the Bank of Russia released balance-of-p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected
Russia IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected The IMF’s latest World Economic Outlook predicts that the world e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind
Russia Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind The consolidated budget, which comprises federal, regional, municipal and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves
Russia At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves At the end of 2020, the value of Russia’s total international reserves, including gold, am...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble
#Russia Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble Russia’s downward slides in the economy and imports since its delusio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year
Russia Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year The price of crude oil has fallen in recent months as the prospects for economi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
UNCTAD’s estimate of ultimate sources of foreign direct investment emphasises Western investment in China and Russia
Russia UNCTAD’s estimate of ultimate sources of foreign direct investment emphasises Western investment in China and Russia As part of its annual international investment report, the United Nations ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP
Russia IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP The International Monetary Fund seeks to clarify the interpretation of the figure of 70 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink During the BRICS summit in Goa last week, India revealed it was buying new weapons systems from R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finland at 100: Finnish-Russian trade recovering, while Russia's share of exports is low compared to history
Russia Finland at 100: Finnish-Russian trade recovering, while Russia's share of exports is low compared to history Finland at 100: Finnish-Russian trade recovering, while Russia's share of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years In 2005, there were just 180 cars per 1,000 people in Russia. Since then, the number of cars has r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half
Russia,forecast Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half Russia’s unprovoked attack on Ukraine has plunged the Russian economy into unce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment
Russia Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment Russia’s Commissioner for Entrepreneurs’ Rights (biznesomb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021