International acceptance of the yuan faces headwinds
International acceptance of the yuan faces headwinds SWIFT, the Society for Worldwide Interbank Financial Telecommunication, reports a significant drop in international use of the yuan. In December, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR continues to defend the ruble
CBR continues to defend the ruble With the conclusion of the New Year’s holiday season on January 11, the Central Bank of Russia during the next four days sold $2.2 billion on the currency markets, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China’s New Silk Road Fund opens for business
China’s New Silk Road Fund opens for business This week saw the official launch of a fund to finance projects of China’s “New Silk Road” initiative. The initial capitalisation of the fund is about $4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Contraction in Russian foreign trade and capital outflow slowed down
Contraction in Russian foreign trade and capital outflow slowed down Preliminary balance-of-payments figures show the value of Russian imports shrank 10 % y-o-y in dollar terms during April-June. Goo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s growth remains strong and structures continue to change
China’s growth remains strong and structures continue to change China’s National Bureau of Statistics reports that GDP grew 6.9 % y-o-y in the third quarter. For the first six months of 2015, GDP gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia posts tepid first-half growth
Russia Russia posts tepid first-half growth Although Russian GDP grew by over 2 % last year, the pace of growth slowed to just 0.5 % in the first quarter of this year (BOFIT Weekly 21/2019). Ne...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China starts to the year with darkened outlook
China China starts to the year with darkened outlook China’s economic conditions deteriorated last year as its trade war with the US heated up. Impacts were evident in falling share prices, heighten...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Brisk rise in Russian industrial producer prices
Russia Brisk rise in Russian industrial producer prices Prices of industrialproducts delivered domestically were up by nearly 8 % y-o-y this year so far. The rise matched last year's pace, even ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Concerns over Russia's regional budget deficits
Russia Concerns over Russia's regional budget deficits Regional budgets (consolidated budgets of the regional and local levels) represent slightly over a third of Russia's government-sector ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Consumer price inflation accelerated in Russia
Russia Consumer price inflation accelerated in Russia The year-on-year change in consumer prices picked up in December to 4.3 %. In early autumn, consumer price inflation was running at 3.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
EU issues a new round of sanctions for Russia
Russia EU issues a new round of sanctions for Russia On June 3, the European Union announced its sixth round of sanctions that included significant new import bans and export restrictions. With a fe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s creditworthiness battered again
Russia’s creditworthiness battered again Last Friday (Feb. 20), the international credit ratings agency Moody’s lowered its rating of Russian foreign-currency government sovereigns from their lowest ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Economic growth strong in the first quarter of this year; Russian attacks on Ukraine’s energy systems and lack of skilled workers weaken economic outlook
Ukraine Economic growth strong in the first quarter of this year; Russian attacks on Ukraine’s energy systems and lack of skilled workers weaken economic outlook Ukraine’s GDP growth accelerated to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Government-funded consumer rebates drove China’s retail sales growth in May, but housing sales continued to stumble
economy,china,BOFIT Weekly Review Government-funded consumer rebates drove China’s retail sales growth in May, but housing sales continued to stumble Nominal retail sales grew by 6.4 % y-o-y in May....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
United States and China reach initial agreement on reviewing financials of US-listed Chinese firms, but bilateral tensions persist
China United States and China reach initial agreement on reviewing financials of US-listed Chinese firms, but bilateral tensions persist On August 26, the United States and China announced that they...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia sanctions affecting China as well
China,Russia Russia sanctions affecting China as well In the first two weeks after Russia’s unprovoked invasion of Ukraine, China sought to strike a balance with both sides in its political statemen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
2023 current account surplus reduced by surprising recovery in Chinese travel spending abroad
2023 current account surplus reduced by surprising recovery in Chinese travel spending abroad The State Administration of Foreign Exchange (SAFE), which operates under the auspices of the People’s Ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian export earnings and imports recovered quickly in 2021, large private capital outflows
Russia Russian export earnings and imports recovered quickly in 2021, large private capital outflows Preliminary balance of payments figures from the Bank of Russia show a strong recovery in the cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Concerns emerge over Russia’s slowing growth
russia,economy,BOFIT Weekly Review Concerns emerge over Russia’s slowing growth Rosstat this week affirmed its preliminary first-quarter GDP growth estimate of 1.4 % y-o-y, bolstering the view that ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
China posts large current account surplus in first half; capital outflow continues
China China posts large current account surplus in first half; capital outflow continues China’s preliminary balance-of-payments figures show a current account surplus of 80 billion dollars for the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022