Economy ministry puts out ever-rosier forecasts
Economy ministry puts out ever-rosier forecasts Over the past two months, the economy ministry has drafted four economic forecasts. The latest draft reduces slightly its expected GDP contraction this...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China strengthens its status as world’s third most active patent-seeker
China strengthens its status as world’s third most active patent-seeker Latest figures from the World Intellectual Property Organization (WIPO) show the volume of international patents filed under th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ukraine gets new 4-year IMF fund facility
Ukraine gets new 4-year IMF fund facility The IMF’s executive board decided on March 11 to go ahead with a new lending programme for Ukraine. The new fund facility lasts four years, during which time...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR sees Russian economy contracting 3.5–4 % this year
CBR sees Russian economy contracting 3.5–4 % this year The central bank forecast further expects the GDP to fall 1–1.6 % in 2016 but return to growth of 5.5–6.3 % in 2017. The CBR’s outlook assumes t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Growth of government revenues and expenditures just kept up with inflation in 2014
Growth of government revenues and expenditures just kept up with inflation in 2014 Revenues to the consolidated budget, that is the overall government budget (federal, regional and municipal budgets ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Semblance of calm returns to banking sector
Semblance of calm returns to banking sector The ruble’s collapse crested in mid-December (Dec. 16–17), followed by a frenzy of withdrawals from bank deposit accounts. However, the situation calmed in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Wage growth slows; Chinese wage levels already high among emerging economies
Wage growth slows; Chinese wage levels already high among emerging economies The latest household survey of China's National Bureau of Statistics finds that wage growth in urban areas slowed to 7...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian producers feel hints of recovery, though consumption continues to fall
Russian producers feel hints of recovery, though consumption continues to fall Seasonally adjusted industrial output increased 0.3 % in June from May. Industrial output has bobbed up and down this ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Construction of new Rosatom reactor units in China gets underway
Construction of new Rosatom reactor units in China gets underway China announced in late May that construction work on new reactor units was underway at the Tianwan and Xudapu nuclear power plants. R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian companies having problems in payments
Russian companies having problems in payments Rosstat finds that the ratio of overdue payments in corporate payments has gradually risen over the past two years. The overdue rate exceeded 6 % of the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian federal budget revenues declined last year, while defence spending soared
Russian federal budget revenues declined last year, while defence spending soared In nominal ruble terms, federal budget revenues last year contracted 6 %. In real terms (i.e. taking inflation into c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Low oil prices challenge Russian government finances
Low oil prices challenge Russian government finances The houses of the Russian parliament (Duma and Federation Council) during the past two weeks approved the draft 2016 federal budget. In its decisi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian output recovers, but consumption slump drags on
Russian output recovers, but consumption slump drags on Industrial output in November-December 2016 rose by about 3 % y-o-y. Growth was slightly over 1 % for all of 2016. Rosstat noted that its full-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Gas sector drives growth in fixed investment
Gas sector drives growth in fixed investment Newly released Rosstat figures show a small recovery in seasonally adjusted fixed investment happened earlier than what the figures showed in late summer....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian government takes on wage arrears problem
Russian government takes on wage arrears problem Prime minister Dmitri Medvedev told a cabinet-level meeting on wage arrears last week that total wage arrears were less than 1 % of the total monthly ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Gazprom-EU dispute unresolved after four years
Gazprom-EU dispute unresolved after four years A probe by the European Commission found that Gazprom’s operations violate EU competition rules in many member states of Central and Eastern Europe. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian cabinet decides to increase spending this year, abandons last spring’s budget framework
Russian cabinet decides to increase spending this year, abandons last spring’s budget framework The Russian government this week submitted to the Duma a proposed amendment to this year’s federal budg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian farm production growing gradually
Russian farm production growing gradually Bans on imports of certain foods and policies favouring domestic producers have had only minor impact on production volumes of domestic farmers. Russian prod...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish first-half goods trade deficit with China balanced by services trade surplus
China Finnish first-half goods trade deficit with China balanced by services trade surplus While Finnish Customs reports that Finland’s overall goods trade turnover grew at an average pace of 6 % y-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy started to recover again in January-February
Russian economy started to recover again in January-February Following weaker performance at the end of last year, the Russian economy appeared to get back to the track of slow growth in the first tw...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018