RaboResearch - Economic Research

Country Report

Russia: bottoming out?

Russia’s economy might be finally bottoming out after recording a 5% yoy contraction in 2Q15, the sharpest in six years. However the growth outlook remains bleak due to structurally lower oil prices, existing sanctions and lack of structural reforms.

Country Report

Country Report Russia

Russia’s economy is forecasted to shrink by around 4% in 2015, on the back of lower oil prices and imposed sanctions. The outlook also remains bleak due to low investor confidence and a tightening of the government’s control over the country.

Country Report

Country Report Russia

Russia’s economy is slowing down as a result of western sanctions and a drop in oil prices. Its outlook has also deteriorated due to lower investor confidence and a strengthening of the government’s control over the country.

Country Report

Country Report Russia

Due to the Ukraine-Russia conflict, Russia’s economy deteriorated; growth fell and the Ruble depreciated. In recent weeks the situation has improved, but risks remain to the downsize, as we may not exclude additional sanctions from the west.

Economic Update

Impact of tapering on emerging markets

In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.

Economic Update

Russia: Economic slowdown continues

Russia’s economic activity has continued to slow in 13Q3 and we expect growth in 2013 as a whole to be around 1.5%. The economic slowdown is starting to adversely impact public finances. The central bank has left rates on hold for now, despite falling inflation.

Country Report

Country Report Russia

The Russian economy has fallen into a recession this year. A fiscal stimulus package to boost economic growth was announced in May, but we do not expect any short-term results. To gain more influence in the CIS region, Russia has resorted to strong-arm tactics.

Economic Update

Economic Update Russia

Russia’s economic growth has continued to slow this year and we expect 2.2% growth in 2013. The central bank is likely to loosen monetary policy amid falling inflation. The government’s stimulus measures are justifiable, but no effect is expected in the very short term.

Economic Update

Russia: Slowdown continues, stimulus expected

The most recent data shows that economic growth in Russia continues to slow down. There have been talks of a fiscal stimulus package, which is feasible given Russia’s healthy public finances. However, it is not without risks in the long term.

Country Report

Country Report Russia

Economic growth in Russia is falling to a lower longer-term trend growth of 3-4%. While domestic political stability has been restored, underlying tensions remain. Tensions with the EU have recently risen but are unlikely to escalate.

Economic Update

Economic Update Russia

Preliminary data shows that the Russian economy grew by 3.4% y-o-y in 2012. However, this masks the fact that the economy slowed fairly sharply over the course of the year. We expect growth to remain subdued at 3% in 2013.

Country Report

Russia (Country Report)

The social unrest which marred Putin's presidency has not escalated, due to the government's fierce crackdown on opposition protests. Economic growth is forecast at a moderate 3.8% in 2012 and 3.9% in 2013.

Country Report

Russia (Country report)

De terugkeer van Vladimir Putin als president wordt gekenmerkt door controverse en massale straatprotesten. Ondertussen zal de economie met 3.7% groeien in 2012, maar blijft het te afhankelijk van de olie- en gassector.

Country Report

Russia (Country report)

The Russian economy remains too reliant on its oil and gas sector while corruption remains deeply embedded. The biggest change since our May 2011 update is the announcement that PM Putin will run for president.

Country Report

Russia (Country update)

Russia’s economic recovery from the global financial and economic crisis has been disappointing. Real GDP growth amounted to a slightly lower than expected 4% last year. In spite of recent high oil prices, growth actually slowed in the first quarter of this year.