Pressure on Russian government finances continues to increase
Pressure on Russian government finances continues to increase First-quarter revenues to the consolidated budget (federal, regional and municipal budgets plus state social funds) were down about 3 % f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time Ukraine’s GDP contracted by 29 % last year due to Russia’s illegal war of aggression. Economic activity declin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Liquidity in Russian banking sector recovers
Liquidity in Russian banking sector recovers Poor economic performance, fluctuations in the ruble’s exchange rate, the drop in foreign financing and increase in household savings rate have affected t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Russian demand remained slack in April
Russian demand remained slack in April The volume of seasonally adjusted retail sales continued to fall last month, declining about 5 % from April 2015. Household real incomes dipped from March, and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine gets new IMF programme
Ukraine Ukraine gets new IMF programme At its meeting this Tuesday (Dec. 18), the executive board of the International Monetary Fund (IMF) voted to grant Ukraine a new Stand-By Arrangement (SBA). Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China’s foreign trade contracted in January-February
China China’s foreign trade contracted in January-February China Customs valued the country’s goods exports in January-February at 350 billion dollars, a 5 % decrease from the first two months of 20...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF disburses new loan tranche to Ukraine
IMF disburses new loan tranche to Ukraine At its meeting on Wednesday (Sept. 14), the executive board of the International Monetary Fund voted to grant Ukraine the third tranche of its four-year $17....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Revised PPP weights suggest Chinese economy is smaller than previously thought
China Revised PPP weights suggest Chinese economy is smaller than previously thought The International Comparison Program, in which many major international organisations and statistical offices aro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
IMF forecasts uneven development for the global economy
IMF forecasts uneven development for the global economy In its latest World Economic Outlook (WEO) released this week, the IMF sees economic growth strengthening in advanced economies this year, whil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian domestic demand down sharply in April
Russian domestic demand down sharply in April The slide in the volume of retail sales accelerated to 10 % y-o-y, a drop similar to that witnessed during the 2009 recession. In January-April, th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian inflation averaged 11.4 % in 2014
Russian inflation averaged 11.4 % in 2014 Inflation staged a dramatic pickup in November and December. Preliminary Rosstat figures show food prices increasing at an on-year rate above 15 % in Decembe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Consumption and industrial output continued to decline in November
Consumption and industrial output continued to decline in November Rosstat reports that the seasonally adjusted volume of retail sales contracted in November for the eleventh month in a row this yea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian finance ministry expects spending on defence and social security to plateau next year
Russian finance ministry expects spending on defence and social security to plateau next year In its budget policy framework proposal, the finance ministry noted it expects defence and social spendi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Decline of investment limited by oil and gas sector
Decline of investment limited by oil and gas sector Total investment of the economy has fallen since spring 2013. Last year, investment contracted 2.5 % y-o-y, and in the first quarter of this year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Boom in Chinese tourism balances goods trade surplus
Boom in Chinese tourism balances goods trade surplus The goods trade surplus hit record highs again in January and February, with exports rising 15 % y-o-y and imports dropping by 20 % y-o-y. The gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
85 % of China’s energy needs still met with fossil fuels
China 85 % of China’s energy needs still met with fossil fuels China is by far the world’s biggest primary energy consumer. The latest figures from British Petroleum show that in 2018 China use...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New Russian budget rule frames government spending; sovereign funds to be combined
Russia New Russian budget rule frames government spending; sovereign funds to be combined New Russian budget rule frames government spending; sovereign funds to be combined The Duma this week passe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Relaxation of capital controls and increased foreign trade help boost international use of the yuan
China Relaxation of capital controls and increased foreign trade help boost international use of the yuan SWIFT, the Society for Worldwide Interbank Financial Telecommunication, reports that in Janu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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