Category: Macro Monthly

Russia Macro Monthly June 2024

Contrary to expectations that growth will soon start to slow, the economy continues to demonstrate robust expansion: in April, GDP growth accelerated from March by 20 bps to 4.4% YoY.

Russia Macro Monthly May 2024

The Russian economy posted solid YoY growth rates in 1Q24, mostly due to two factors: the weak base of 1Q23 and the leap-year effect.

Russia Macro Monthly April 2024

There is a notable increase in pressure on the economy as a result of the tightening and enforcement of sanctions. The most affected areas are oil exports and cross-border financial transactions.

Russia Macro Monthly March 2024

Statistical data for January and leading indicators for February show the Russian economy remains firmly on a growth path.

Russia Macro Monthly February 2024

Rising reliance on state support makes the economy vulnerable. The two prime growth drivers in 2023 were the state – it acted as a main investor in many areas, especially in sectors that have connections to the military – and the domestic consumer.

Russia Macro Monthly January 2024

2023 growth beat expectations. This time last year the consensus was for a moderate contraction in the economy in 2023. The latest data suggests that the economy expanded by over 3% YoY.

Russia Macro Monthly December 2023

In 10M23, the Russian economy expanded by a solid 3.2% YoY, according to estimates from the Economy Ministry. That was well above even the most optimistic assessments and prompted the government to upgrade their growth forecast for 2023 to 3%+ levels.

Russia Macro Monthly November 2023

Growth indicators are currently positive. Statistical reports show that the economy is doing well with all its major segments posting robust YoY growth. But a slowdown is inevitable.

Russia Macro Monthly October 2023

According to estimates by the Ministry of Economy, Russia’s GDP expanded by 2.5% YoY in 8M23 and by 5.2% YoY in August 2023. The two key drivers of this recovery are rising output in the defense industry and strong domestic consumer demand.

Russia Macro Monthly September 2023

The latest statistics show a strong GDP bounce in 2Q23 which was accompanied by a solid rise in growth rates in all major sectors of the economy.

Date range

Select Date