Russia's Economic Outlook
In our latest Consensus Forecast report, our team of economists examines the economic outlook for Russia.
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Latest Reports
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May 5, 2022
Global economic activity to lose pace in 2022
The world economy is projected to lose pace this year as inflation rises due to the war in Ukraine and Covid-19 lockdowns in China, while fiscal and monetary policies tighten. Risks to the outlook include China’s economic performance, new variants of Covid-19, the courses of the Russia-Ukraine war and sanctions on Russia, and faster-than-expected Fed tightening.
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April 12, 2022
GDP growth will slow in 2022
Regional GDP growth will slow this year, weighed on by high inflation, more restrictive fiscal stances and notably tighter monetary policies compared to 2021. Political and policy uncertainty in some countries could further weigh on demand. Risks stem from new Covid-19 variants, a prolongation of the war in Ukraine and potentially aggressive U.S. rate hikes.
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February 15, 2022
GDP growth will cool in 2022
Regional GDP growth will cool this year as economic conditions normalize, leading to more moderate growth in foreign demand, remittances and fixed investment. Tighter monetary policy will further dampen activity. Nonetheless, household spending should remain resilient, partly buoyed by tighter labor markets. Further sanctions would weigh on Nicaragua’s economy.
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April 27, 2022
Outlook for 2022 remains positive
Economic growth in the region should gain speed this year, following 2021’s relatively subdued rebound. The relaxation of Covid-19 restrictions, coupled with accumulated savings, should buttress household spending, while the global recovery supports the external sector. Higher inflation and protracted global supply constraints pose downside risks.
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April 27, 2022
GDP growth to moderate in 2022
Regional GDP growth is expected to moderate notably this year due to a fading base effect. That said, domestic demand should strengthen, supported by upbeat household spending amid tighter labor markets and ongoing stimulus measures. Pandemic-related uncertainty, volatile commodity prices and some ongoing turmoil in China’s property sector cloud the outlook.
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May 5, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
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May 11, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
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May 11, 2022
Economic growth in South-Eastern Europe set to cool in 2022
The war in Ukraine will see regional growth ease more than previously expected. The conflict exacerbates supply chain issues, and international sanctions placed on Russia weigh on tourism and trade. Meanwhile, inflation has intensified, hurting consumer spending. The war has also reignited political and ethnic tensions in the Balkans, but so far escalation is not expected.
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March 9, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
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April 6, 2022
MENA GDP forecast to accelerate in 2022
Regional economic growth should accelerate this year on the reduced impact of the pandemic and higher oil output as OPEC+ eases production cuts. Moreover, elevated energy prices could support higher government spending by oil-exporting countries. Risks include potential food insecurity in the wake of the war in Ukraine, and tensions between Iran and Sunni Muslim countries.
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April 29, 2022
GDP growth will ebb in 2022
Regional economic growth will ebb, but remain strong, this year. The commodity prices boom will bode well for investment in and public coffers of metal-exporting countries, although it will pose fiscal constraints and increase costs for others. Extreme weather events, lack of vaccine administration capacity and vaccine hesitancy, debt repayments and armed conflicts are risks.
Latest Economic
News
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Serbia: Inflation comes in at highest level since June 2013 in April
May 13, 2022
Consumer prices rose 1.50% from the previous month in April, coming in above the 0.80% increase recorded in March.
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Peru: Central Bank raises rates for tenth consecutive time at May meeting
May 13, 2022
At its 12 May meeting, the Central Bank of Peru raised its key policy interest rate by 50 basis points from 4.50% to 5.00%, pushing it to its highest level since April 2009.
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Guatemala: Economic activity growth eases in March
May 13, 2022
Economic activity rose 4.3% year-on-year in March (February: +4.6% yoy).
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