Economic Snapshot for the CIS Countries
September 14, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
Economic Growth
The regional economy will shrink this year. International sanctions will cause a contraction in heavyweight Russia, while Ukraine’s economy will be devastated by the war. The fallout from the war will reverberate across smaller economies via soaring inflation, lower investment, and reduced trade and tourism . GDP will likely shrink further next year as the war drags on.
Inflation Outlook
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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5 years of CIS Countries economic forecasts for more than 30 economic indicators.
CIS Countries Economic News
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Russia: Central Bank slashes key policy rate further in September
September 19, 2022
At its meeting on 16 September, the Central Bank of the Russian Federation (CBR) chopped its key interest rate by 50 basis points to 7.50%.
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Belarus: Industrial output contracts further in August
September 16, 2022
Industrial output shrank by 9.4% compared to the same month of the previous year in August, slightly up from July’s 12.2% contraction.
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Kazakhstan: Industrial output rebounds in August
September 15, 2022
Industrial output increased 1.4% year on year in August (July: -2.4% yoy).
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Russia: Inflation falls to lowest level since February in August
September 9, 2022
Inflation came in at 14.3% in August, down from July’s 15.1%.
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Belarus: Inflation slides in August
September 9, 2022
Inflation came in at 17.9% in August, down from July’s 18.1%.
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