Economic Snapshot for the CIS Countries
December 1, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
Regional GDP will remain in recession in 2023, as war-related costs and international sanctions continue to hammer the Russian and Belarussian economies. Although activity across the rest of the region should expand, elevated inflation, higher interest rates and weaker investment will cap the upturn. Additional spillover from the war in Ukraine is the main downside risk.
Regional inflation fell to an eight-month low of 14.0% in October (September: 14.7%). Pressures eased in Armenia, Belarus, Georgia and Russia, but they rose in Azerbaijan, Moldova, Kazakhstan and Ukraine. Regional inflation should decline in 2023, although the outlook remains volatile. Geopolitics, commodity prices and monetary policy trends are key factors to watch.
5 years of CIS Countries economic forecasts for more than 30 economic indicators.
CIS Countries Economic News
December 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 53.2 in November from October's 50.7.
November 24, 2022
Industrial output dropped 2.6% in year-on-year terms in October, which was above September's 3.1% decrease.
November 17, 2022
According to a preliminary reading, GDP slid at a slightly milder rate of 4.0% year on year in the third quarter, compared with the 4.1% contraction tallied in the second quarter.
November 16, 2022
Industrial output shrank by 4.1% year on year in October, down from September’s 2.1% contraction.
November 15, 2022
According to a preliminary reading, GDP growth weakened to 2.8% year on year in January–September, down from 3.6% in January–June.
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