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
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
Research Fellows
2022-2026 Jan Fidrmuc / Lille Économie Management (L.E.M), Université de Lille Jan Fidrmuc holds the Accueil de talents 2020 chaire d'excellence professorship at Lille Économie Mana...
Bofit.fi / Bofit homepage / Personnel
Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches
Russia Russian economy has recovered from last year’s recession, but pace of recovery varies considerably across branches The Russian economy has largely recovered from the recession in spring 2020,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
BOFIT
The Bank of Finland Institute for Emerging Economies (BOFIT) is an internationally renowned research institute specialising in emerging economies and global economic developments.
Bofit.fi / Bofit homepage
Financial woes of Russian regions begin to bite
Financial woes of Russian regions begin to bite Researchers at the Development Centre at Moscow’s Higher School of Economics report combined regional budget deficits this year could reach as much as ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian inflation soars
Russian inflation soars January consumer prices rose 15 % y-o-y. Inflation last ran this high in 2008. Food prices were up 21 % and other goods 11 %. The Russian government, concerned about the rapi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ukraine’s economy grew last year despite massive damage to its energy sector
Ukraine,economy,BOFIT Weekly Review Ukraine’s economy grew last year despite massive damage to its energy sector Preliminary figures show Ukraine’s GDP grew by an impressive 3.4 % last year, even if...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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
Big differences in regional economic growth rates
China Big differences in regional economic growth rates Big differences in regional economic growth rates Regional 2017 GDP growth figures for China's provinces range from a decline of 14 % in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China may introduce retaliatory measures as the US goes ahead with steel and aluminium import tariffs
China China may introduce retaliatory measures as the US goes ahead with steel and aluminium import tariffs China may introduce retaliatory measures as the US goes ahead with steel and aluminium imp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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 inflation surged to heights last year
Russian inflation surged to heights last year The on-month rise in consumer prices in December, as in November, outpaced the last significant rise in November-December 2010 – not counting the record ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian output up in September; consumption continued to fall
Russian output up in September; consumption continued to fall Rosstat reports that seasonally adjusted industrial output rose considerably in September to its fastest growth since December 2014. Outp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
International institutions concerned about soaring indebtedness in China
International institutions concerned about soaring indebtedness in China The Bank for International Settlements (BIS) data for January-March reveal several “early-warning” indicators that point to in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
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
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
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