While consumption fell, Russian economic indicators generally point to recovery in November
Russia While consumption fell, Russian economic indicators generally point to recovery in November The economy ministry estimates that Russian GDP contracted by 3.7 % y-o-y in November, i.e. sl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Tourism accounts for nearly half of Russian services imports
Tourism accounts for nearly half of Russian services imports Services imports to Russia in 2014 were $121 billion or €91 billion (28 % of total imports). The EU provided 46 % of services imports, AP...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian central bank further eases monetary policy
Russia Russian central bank further eases monetary policy At an unscheduled meeting on May 26, the Central Bank of Russia decided to lower the key rate by 300 basis points to 11 %. This was a t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
BOFIT forecast sees Chinese growth slowing at about one percentage point a year from 2019 to 2021
China BOFIT forecast sees Chinese growth slowing at about one percentage point a year from 2019 to 2021 Growth of over 6 % p.a. is required for China to meet its declared goal of doubling 2010 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
PBoC tightens control of bitcoin and other cryptoasset services
China PBoC tightens control of bitcoin and other cryptoasset services Activities involving cryptoassets in China are strictly regulated or banned. When initial coin offerings (ICOs) were forbidden i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian expenditure on travel services abroad grew slightly last year
Russia Russian expenditure on travel services abroad grew slightly last year The Central Bank of Russia reports that Russians last year spent 34 billion dollars on travel services abroad, a 9&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
In China, industry and foreign trade drove growth at the start of this year; direct impacts from Middle East war still modest
china,economy,BOFIT Weekly Review In China, industry and foreign trade drove growth at the start of this year; direct impacts from Middle East war still modest China’s industrial output in the first...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
BOFIT Forecast for Russia 2024-2026 / 2
<p>The latest forecast from BOFIT, the Bank of Finland’s Institute for Emerging Economies, sees Russian economic growth this year exceeding its previous estimate made last April. The higher 2024...
Bofit.fi / Bofit homepage / BOFIT / News / 2024
China’s central bank ongoing digital yuan pilot project enters its fourth year
#china China’s central bank ongoing digital yuan pilot project enters its fourth year The People’s Bank of China launched its foray into development of a central bank digital currency (CBDC) already...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Nellen_discussion-Demand for Payment Services and Consumer Welfare_presentation.pdf
Discussion of: Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency by Kim P. Huynh, Jozsef Molnar, Oleksandr Shcherbakov and Qinghui Yu Thomas Nell...
Bofit.fi / globalassets / bof / en / research / seminars-and-conferences / conferences-and-workshops / documents / eopx2021
Huynh_etal_Demand for Payment Services and Consumer Welfare-The Introduction of a Central Bank Digital Currency.pdf
Bank of Canada staff working papers provide a forum for staff to publish work-in-progress research independently from the Bank’s Governing Council. This research may support or challenge prevailin...
Bofit.fi / globalassets / bof / en / research / seminars-and-conferences / conferences-and-workshops / documents / eopx2021
China takes another step in dismantling the household registration system
BOFIT Weekly Review,China China takes another step in dismantling the household registration system The Chinese government last week released new guidance for provincial and city governments that si...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
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
CBR prepares strategy paper on improving access to banking services in 2018–2020
Russia CBR prepares strategy paper on improving access to banking services in 2018–2020 CBR prepares strategy paper on improving access to banking services in 2018–2020 While access to banking serv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and China score low in the OECD services trade index
Russia Russia and China score low in the OECD services trade index Russia and China score low in the OECD services trade index The OECD's Services Trade Restrictiveness Index (STRI), published ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter Russian third-quarter GDP was up by 4.3 % y-o-y and up by 0.6 % from two years previo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish goods exports to China surpass 2019 levels; services exports slower to recover
China Finnish goods exports to China surpass 2019 levels; services exports slower to recover Statistics Finland reports that Finnish goods exports to China were valued at 1.66 billion euros and serv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR releases elaborated assessment of foreign debt servicing payments through end of this year
CBR releases elaborated assessment of foreign debt servicing payments through end of this year The Central Bank of Russia estimates the actual amount for foreign debt of banks and non-bank corporatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China nears euro area in terms of consumed foreign value added of goods and services
China China nears euro area in terms of consumed foreign value added of goods and services The OECD released its latest Trade in Value Added (TiVA) assessment in mid-November. The figures cover 66 e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021