China’s finance ministry expects low government revenue growth this year
China’s finance ministry expects low government revenue growth this year Before adjourning last week, the National People’s Congress approved the realised 2023 budget and finalised the 2024 central g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Official figures on track to meet China’s GDP target but assessing the actual growth rate remains challenging
Official figures on track to meet China’s GDP target but assessing the actual growth rate remains challenging The Chinese economy grew by 4.8 % y-o-y in the third quarter of this year. The reduction ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Despite a booming economy, Modi’s party posts surprisingly weak win in India’s parliamentary elections
China,India Despite a booming economy, Modi’s party posts surprisingly weak win in India’s parliamentary elections Going into last week’s election, pollsters predicted Prime Minister Narendra Modi’s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
BOFIT forecasts low growth for the Russian economy in coming years
Russia BOFIT forecasts low growth for the Russian economy in coming years Our latest BOFIT forecast for Russia, which covers the 2018–2020 period, sees GDP growth this year remaining below 2 %,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Inflationary pressures in Russia still on the rise
Russia Inflationary pressures in Russia still on the rise Retail sales and war-related industries drove output growth in October Russia’s ministry for economic development estimates that GDP grew by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Even as the Chinese economy recovers, performance is still far below pre-coronavirus levels
China Even as the Chinese economy recovers, performance is still far below pre-coronavirus levels China’s official Purchasing Managers Index (PMI) for manufacturing returned to positive territory in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian government budget revenues weaken; high inflation erodes stimulus effects
Russia Russian government budget revenues weaken; high inflation erodes stimulus effects May federal budget revenues were up by just 10 % y-o-y in nominal terms. The rise was gravely insufficie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Industry drives China’s recovery
China Industry drives China’s recovery China has gradually eased its coronavirus-related restrictions on movement and activities, declaring the entire country as low-risk for contraction of COVID-19...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Pensions raised in Russia to keep up with inflation
Russia Pensions raised in Russia to keep up with inflation Pensions were raised at the beginning of this month by 10 %. The same increases were made to the minimum wage and official subsistence...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Western countries impose more sanctions on Russia
Russia Western countries impose more sanctions on Russia Over the past two weeks, the US, EU and UK have expanded their sanctions regime against Russia (for earlier sanctions, see BOFIT Weekly 9/202...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China’s central bank cuts interest rates to deal with slowdown in lending and economic growth
China China’s central bank cuts interest rates to deal with slowdown in lending and economic growth On the same day that the National Bureau of Statistics released its December economic figures (Jan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
BOFIT Russia forecast sees slow recoveries for the economy and imports
BOFIT Russia forecast sees slow recoveries for the economy and imports The GDP contraction in the first half was mild (less than 1 % y-o-y), given that the oil price was 30 % lower than in 1H15 and o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Outcome of US presidential election unlikely to resolve disputes with China
Outcome of US presidential election unlikely to resolve disputes with China The results of the national election in the United States last week are unlikely to affect the current disputes with China....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian government budget revenues and spending at high levels; deficit vanishes
Russia Russian government budget revenues and spending at high levels; deficit vanishes Russia saw the pace of budget revenue growth accelerate further in the third quarter, i.e. a more than 40 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
While China's industrial output growth accelerated in the first two months of this year, construction activity and apartment sales declined
China While China's industrial output growth accelerated in the first two months of this year, construction activity and apartment sales declined China’s National Bureau of Statistics (NBS) repo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
PBoC lowers reserve requirements for commercial banks
China PBoC lowers reserve requirements for commercial banks The required reserve ratio (RRR or the mandatory share of bank deposits held with the central bank) for most banks was lowered on Thursday...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia hopes to attract investment in the Arctic territory
Russia Russia hopes to attract investment in the Arctic territory Russia has recently approved new strategies framing its policy in the Arctic region. This is particularly topical as Russia is about...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Latest BOFIT forecast for China sees economic growth slowing in coming years after strong performance this year
China Latest BOFIT forecast for China sees economic growth slowing in coming years after strong performance this year Our most recent forecast for China predicts that the Chinese economy will grow r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New travel restrictions subdue start of Chinese Lunar New Year celebrations
China New travel restrictions subdue start of Chinese Lunar New Year celebrations The Chinese Lunar New Year came this year on February 12. In typical years, hundreds of millions of Chinese travel t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Chinese GDP stages V-shaped recovery in 2020, bouncing back from covid-19 lockdowns to positive on-year growth
China Chinese GDP stages V-shaped recovery in 2020, bouncing back from covid-19 lockdowns to positive on-year growth China’s National Bureau of Statistics reports that GDP grew by 6.5 % y-o-y i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021