Strong growth in Russian bank lending continued last year
Russia,economy,BOFIT Weekly Review Strong growth in Russian bank lending continued last year Corporate borrowing driven by reduced access to international financing and generous interest-subsidy pro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia prepares for serious budget tightening
Russia prepares for serious budget tightening The government earlier this month gave its initial approval to the 2017–19 federal budget framework. Finance minister Anton Siluanov said the budget reve...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian foreign trade and capital outflow increased sharply in first quarter
Russian foreign trade and capital outflow increased sharply in first quarter Preliminary balance-of-payment figures from the Central Bank of Russia indicate that the dollar value of Russian goods and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Export earnings fattened Russia’s Q1 current account surplus; substantial capital outflows
Russia Export earnings fattened Russia’s Q1 current account surplus; substantial capital outflows The CBR’s unusually thin preliminary balance-of-payments report shows that the value of Russian expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China sets out priorities for 2022 economic policy
China China sets out priorities for 2022 economic policy The Central Economic Work Conference convened in Beijing last week (Dec. 8–10) to decide economic policy priorities for next year. The main p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Wages in Russian industry recover to pre-recession top levels
Russia,economy Wages in Russian industry recover to pre-recession top levels Between 2014 and mid-2016, wages in Russian industry declined relative to many countries on the ruble's sharp devalua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Domestic demand in Russia recovers
Domestic demand in Russia recovers Rosstat reports that the seasonally adjusted volume of retail sales increased slightly in April. Sales were the same as a year ago. Because the recovery was precede...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Investment sluggish in Russia
Investment sluggish in Russia Fixed investment was up 2.3 % y-o-y in the first quarter. Rosstat reports that on-year growth in total fixed investment excluding small firms and those that operate in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian employment numbers rose, while unpaid leave and part-time work increased
Russian employment numbers rose, while unpaid leave and part-time work increased Despite recession, Rosstat’s employment survey finds the number of people employed declined just modestly in 2015 and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
No changes in Russian social entitlements for the time being
No changes in Russian social entitlements for the time being The national minimum wage will increase by 300 rubles to 7,800 rubles (€120) a month, but only in June 2017. The labour ministry notes the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New data show distinctly milder recession in Russia than earlier reported
New data show distinctly milder recession in Russia than earlier reported Revised Rosstat GDP figures for 2015 show GDP contracted just 3 %, rather than 3.7 % as reported earlier. The new figures for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian imports exceed the level of a year ago
Russian imports exceed the level of a year ago Spending on imports of goods and services was up about 5 % y-o-y in the fourth quarter of 2016, the first increase since 3Q2013. Goods imports increased...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Corruption, bad institutions and lack of openness dog Russian competitiveness
Corruption, bad institutions and lack of openness dog Russian competitiveness The World Economic Forum (WEF) global competitiveness index last year ranked Russia 45th among 140 countries surveyed. Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
National Welfare Fund again close to 12 % of Russian GDP
Russia National Welfare Fund again close to 12 % of Russian GDP At the end of 2020, Russia’s “excess” earnings on energy and higher share prices boosted the value of the National Welfare Fund t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian GDP back to pre-covid levels
Russia Russian GDP back to pre-covid levels Preliminary figures from Rosstat show that Russia’s gross domestic product rose by 10.3 % y-o-y in the second quarter. Russia struggled with the deep...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China establishes new fund to assist with reform of state-owned enterprises
China establishes new fund to assist with reform of state-owned enterprises While reform of China’s large, inefficient state-owned enterprises (SOEs) is one of the most critical reforms on the agenda...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian bank lending remains strong
Russia Russian bank lending remains strong The stock of bank corporate lending, which increased by about 10 % last year, has seen robust growth for all of this year. Helped especially by high g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s banking laws now meet Basel III criteria
Russia’s banking laws now meet Basel III criteria The Basel Committee for Banking Supervision, which operates under the Bank for International Settlements, reports that Russia is compliant with the B...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
January-February sees lower industrial output growth and pick-up in apartment sales in China
January-February sees lower industrial output growth and pick-up in apartment sales in China Industrial output growth slowed to 5 % y-o-y in January February, continuing a trend of steady decline in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
More mixed messages about the Chinese economy
China More mixed messages about the Chinese economy China’s National Bureau of Statistics reports industrial output growth rose from 4.7 % y-o-y in October to 6.2 % in November. The improv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019