CIS Countries Economic Forecast

Economic Snapshot for the CIS Countries

August 3, 2022

Russia-Ukraine War Economic Impact - Analysis & Special Reports

See our latest analysis in the Resources section

CIS Plus GDP to shrink in 2022

The fallout from the Russia-Ukraine war will reverberate through the regional economy this year via soaring inflation and weaker external demand and investment. International sanctions will hammer activity in heavyweight Russia, while Ukraine’s economy will be devastated by the war. The widening or intensification of the conflict are key risks.

Regional inflation to fell in 2022

Regional inflation eased fell to a four-month low of 15.5% in June (May: 16.2 %), chiefly on the back of moderating inflation in Russia. Similarly, price pressures eased in Georgia, Kazakhstan and Kyrgyzstan. In contrast, inflation picked up elsewhere, led by Ukraine and Moldova. Although regional inflation appears to be on the downtrend, the outlook remains volatile.

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