Economic Snapshot for the CIS Countries
January 11, 2022
CIS Plus GDP to slow in 2022
Growth in the region is expected to moderate this year, on cooling household spending and investment activity growth. That said, sturdy global energy demand and easing supply disruptions should bolster exports, in turn boding well for overall activity in 2022. New Covid-19 strains and spiraling geopolitical risks across the entire region are key risks to the outlook.
Regional inflation likely peaked in 2021
Regional inflation jumped to 8.8% in November (October: 8.6%), marking the highest reading since our records began in 2018. The upturn was spearheaded by soaring inflation in Moldova, with prices in Armenia, Azerbaijan and Russia also rising at a faster pace. Inflation in most countries should have peaked at the end of 2021 and is expected to cool throughout 2022.
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CIS Countries Economic News
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Russia: Merchandise exports continue to soar in November
January 17, 2022
Merchandise exports soared 62.4% annually in November, marking yet another month of marked growth (October: +62.8% year-on-year).
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Belarus: Industrial output rises at quickest pace in six months in December
January 17, 2022
Industrial output increased 4.3% in year-on-year terms in December, which was above November's 2.7% increase.
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Belarus: Inflation falls in December
January 13, 2022
Consumer prices rose 0.87% over the previous month in December, accelerating from November's 0.51% rise.
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Belarus: Inflation falls in December
January 12, 2022
Consumer prices rose 0.87% over the previous month in December, accelerating from November's 0.51% rise.
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Russia: Services PMI improves in December
January 3, 2022
The IHS Markit Services Purchasing Managers’ Index (PMI) rose to 49.5 in December from November's 47.1.
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