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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May 19, 2022
GDP growth will slow in 2022
Regional growth will slow sharply this year on surging average inflation and higher interest rates. However, sky-high prices for key agricultural and energy commodities should support external sectors. Risks include further currency outflows as the Fed hikes rates, Covid-19 restrictions in China, new Covid-19 variants and sociopolitical unrest stemming from higher inflation.
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May 19, 2022
GDP growth will expand in 2022
The regional economy will expand at a more moderate pace this year due to a tougher base effect and the fallout of the war in Ukraine. Higher commodity prices will drive up inflation, weighing on consumer spending and remittance inflows. Tighter financial conditions will further dampen activity. However, lower unemployment levels should provide some support to spending.
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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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Argentina: Merchandise exports accelerate in April
May 20, 2022
Merchandise exports rose 35.6% over the same month last year in April (March: +28.6% year-on-year).
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Peru: Economic activity growth eases in March
May 20, 2022
Economic activity grew 3.8% in year-on-year terms in March, which was a deterioration from February's 4.9% increase.
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Argentina: Economic activity growth decelerates in March
May 20, 2022
The monthly indicator for economic activity (EMAE) grew 4.8% year-on-year in March (February: +8.5% yoy).
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