Despite signs of economic recovery, imbalances in the Russian economy continue to grow
#russia Despite signs of economic recovery, imbalances in the Russian economy continue to grow Ruble depreciation While Yevgeny Prigozhin’s short-lived insurrection had little immediate economic con...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Yuan’s role in Russia’s foreign trade continues to grow
#russia Yuan’s role in Russia’s foreign trade continues to grow As a result of sanctions and the decision by many Western firms to sever ties with Russia, most major Russian banks no longer can hand...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian economic growth expected to slow sharply; new sanctions increase risks
Russia,BOFIT Weekly Review Russian economic growth expected to slow sharply; new sanctions increase risks Our latest BOFIT Forecast for Russia 2025–2027, released on Monday (Oct. 20), expects Russia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
CBR announces timetable for digital ruble rollout
Russia,economy,BOFIT Weekly Review CBR announces timetable for digital ruble rollout With the widescale adoption of electronic payments and commercial cryptocurrencies, central banks around the worl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Hong Kong stock market surges as IPOs soar in the first half of the year; mainland China exchanges relatively subdued
China,economy,BOFIT Weekly Review Hong Kong stock market surges as IPOs soar in the first half of the year; mainland China exchanges relatively subdued On Thursday (July 10), the Hong Kong Stock Exc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Government-funded consumer rebates drove China’s retail sales growth in May, but housing sales continued to stumble
economy,china,BOFIT Weekly Review Government-funded consumer rebates drove China’s retail sales growth in May, but housing sales continued to stumble Nominal retail sales grew by 6.4 % y-o-y in May....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
People’s Bank of China eases monetary stance and increases quotas for targeted lending programmes
china,economy,BOFIT Weekly Review People’s Bank of China eases monetary stance and increases quotas for targeted lending programmes China’s central bank, the People’s Bank of China continued cautiou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
China’s inflation remained subdued last year; obtaining a picture of overall price trends is not straightforward
China,economy,BOFIT Weekly Review China’s inflation remained subdued last year; obtaining a picture of overall price trends is not straightforward Unlike most countries, China has avoided a spike in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time
Russia Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time The Central Bank of Russia’s board of directors decided at its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Exports supporting Chinese economic growth; domestic demand remains weak
China Exports supporting Chinese economic growth; domestic demand remains weak Industrial output growth slowed somewhat from April but was still 5.6 % y-o-y in May. Industrial output was suppor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Ukraine’s economy shrank by about a third last year
#Ukraine Ukraine’s economy shrank by about a third last year According to the preliminary assessments, the country’s GDP contracted by roughly 30 % last year. Both private consumption and fixed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Chinese stock markets slumped last year; foreign investors offloaded Chinese bonds
#China Chinese stock markets slumped last year; foreign investors offloaded Chinese bonds As elsewhere in the world, stock markets in China ended the year on down note. Uncertainty in China’s market...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
China prepares to launch the world’s largest emissions trading scheme
China China prepares to launch the world’s largest emissions trading scheme China is the world’s biggest climate polluter, accounting for 29 % of all carbon dioxide emissions last year. China’s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia expands price monitoring significantly; food prices under pressure to rise
Russia Russia expands price monitoring significantly; food prices under pressure to rise A government regulation will extend price monitoring widely by including a monitoring list of goods and servi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Yuan appreciation ignites policy debate in China; PBoC raises forex deposit reserve requirement
China Yuan appreciation ignites policy debate in China; PBoC raises forex deposit reserve requirement The Chinese currency has strengthened to a level last seen in early summer 2018. The yuan has ga...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Bailing out bad-debt-manager Huarong is a costly proposition
China Bailing out bad-debt-manager Huarong is a costly proposition Huarong is one of four state-run asset management companies created in the wake of the Asian financial crisis in 1999 to deal with ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
With covid cases soaring, Russia implements short partial lockdowns on several parts of the economy
Russia With covid cases soaring, Russia implements short partial lockdowns on several parts of the economy Following a cabinet recommendation, president Vladimir Putin last week decreed paid leave d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Coronavirus pandemic slows signings of Silk Road investment contracts
China Coronavirus pandemic slows signings of Silk Road investment contracts Chinese officials themselves estimate that about 20 % of Silk Road (a.k.a. Belt and Road Initiative or BRI) projects ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Uncertainty over foreign aid clouds Ukraine’s otherwise better-than-expected economic performance
#ukraine Uncertainty over foreign aid clouds Ukraine’s otherwise better-than-expected economic performance Ukraine’s macroeconomic situation relatively stable Preliminary figures from the State Stat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia plans further increases in government spending despite deficits
Russia plans further increases in government spending despite deficits Russia’s federal budget remained in deficit in 2023 According to the preliminary assessment released by Russia’s finance ministr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024