Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years
Russia Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years Last year, Russian GDP grew at its slowest pace in three years as growth averaged slightly over 2 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economy continued to contract in December
Russian economy continued to contract in December Rosstat reports that industrial output and retail sales both continued to slide in December. In annual terms, retail sales were down 15 %, a fall amp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Investment in Russia declines; structure of branches targeted for investment continues to shift
Investment in Russia declines; structure of branches targeted for investment continues to shift Fixed capital investments in Russia fell nearly 3 % last year. The on-year change decayed further in Ja...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia ratifies Caspian Sea accord
Russia Russia ratifies Caspian Sea accord The five littoral states of the Caspian Sea (Russia, Kazakhstan, Turkmenistan, Iran and Azerbaijan) negotiated for two decades on territorial demarcation an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and China score low in the OECD services trade index
Russia Russia and China score low in the OECD services trade index Russia and China score low in the OECD services trade index The OECD's Services Trade Restrictiveness Index (STRI), published ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Fixed investment subdues Chinese economic growth
China Fixed investment subdues Chinese economic growth Fixed investment subdues Chinese economic growth Figures released by China's National Bureau of Statistics suggest lower economic growth i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Multiple impacts on Russia’s labour market from current recession
Multiple impacts on Russia’s labour market from current recession Despite a strong pick-up in inflation, the rise of private sector wages in nominal ruble terms has stayed at a record-slow rate this ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign debt declined last year
Russian foreign debt declined last year Preliminary figures from the Central Bank of Russia put the country’s foreign debt at $515 billion at the end of 2015. Foreign debt fell in 4Q15 by just over $...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian government support has helped move fixed investment towards recovery, outlook remains unsure
Russia Russian government support has helped move fixed investment towards recovery, outlook remains unsure After shrinking by 7.5 % y-o-y in the second quarter, real fixed investment contracte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia approves anti-corruption plan for 2021−2024
Russia Russia approves anti-corruption plan for 2021−2024 In August, president Vladimir Putin issued a decree requiring numerous authorities at the federal, regional and municipal levels to adjust t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China’s fiscal revenues reduced by tax cuts
China China’s fiscal revenues reduced by tax cuts Tax cuts implemented over the past twelve months (i.e. cuts in the income tax, value-added tax, as well as larger tax refunds for exporters) have hu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China broadens capital tools for banks and lightens provisions for non-performing loans
China China broadens capital tools for banks and lightens provisions for non-performing loans China broadens capital tools for banks and lightens provisions for non-performing loans Tighter regulat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Economic growth in China slowed in the second quarter of this year
China Economic growth in China slowed in the second quarter of this year China’s National Bureau of Statistic (NBS) reports GDP grew 6.3 % year-on-year in the second quarter, up from 4.5 %...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Actual progress in reform of China’s state-controlled enterprises still unclear
Actual progress in reform of China’s state-controlled enterprises still unclear Despite an impressive launch in 2013, China has little to show for its latest attempt at reforming inefficient state-o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Real estate developer Kaisa defaults on bond payments
Real estate developer Kaisa defaults on bond payments Kaisa Group Holdings Ltd. this week failed to make interest payments on two separate dollar bonds. It was the first time a Chinese real estate de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
With latest round of export bans, China-Japan economic relations deteriorate further
China,BOFIT Weekly Review With latest round of export bans, China-Japan economic relations deteriorate further On Tuesday (Jan. 6), China’s commerce ministry announced new restrictions that immediat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Number of banks in Russia continues to fall
Number of banks in Russia continues to fall There were just 783 banks operating in Russia at the end of July, down about 10 % from a year earlier. The reduction reflects license cancellations and ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
State enterprises and the state may generate around 40 % of Russian GDP
Russia State enterprises and the state may generate around 40 % of Russian GDP Rosstat reports that in recent years 11–12 % of revenues of all firms and organisations (excluding funding received fro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russians experienced drop in real household incomes last year
Russians experienced drop in real household incomes last year Rising inflation caused real household incomes to contract by nearly 1 % last year. When inflation flared in November and December 2014, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Increase in debt restructuring and postponed repayment of corporate loans in Russia
Russia Increase in debt restructuring and postponed repayment of corporate loans in Russia The stock of bank lending to non-financial corporations increased rapidly in late March and early April. In...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020