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Russia Economy in a Snapshot is a quarterly publication, designed to provide a comprehensive, albeit concise overview of current economic and financial developments.

The report covers the four main macroeconomic sectors (Real, Monetary & Financial, Fiscal and External), presenting commentary and charts on a broad range of topics that include: 

  • Comprehensive overview of current economic and financial developments
  • Covers Real, Monetary & Financial, Fiscal and External macroeconomic sectors
  • Insights Russia's plans to open up private and foreign capital in certain sectors
 

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Russia Economic Snapshot Q2

  • Despite a pick-up to 2.3% in Q4 2018, real GDP growth slowed down again to 0.63% in the first quarter of 2019 – a record low since Q4 2017. In the face of tightening fiscal policy, private consumption and investment contracted, while export value shrunk on the back of low global oil prices.
  • Inflation has closed in to the Central Bank’s target of 4%, standing at 4.66% in June 2019. A 25-bp policy rate cut in June and expectations for further loosening of the monetary policy are to put upward pressure on prices in the upcoming months.
  •  Unemployment reached a post-Soviet era low of 4.6% in March and has been sustained at this level since then.
  • The contamination of the Druzhba oil pipeline depressed Russian exports in May amid rising oil prices, while the economic slowdown of the country’s main trade partners has contributed to a decrease in imports.

 

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