Economic Snapshot for the CIS Countries
June 8, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
CIS Plus GDP to shrink in 2022
Regional GDP is expected to shrink this year. The war will leave the Ukrainian economy devasted, while unprecedented international sanctions will push Russia into a sharp recession. Other regional economies will see falling remittances, reduced trade flows and spiraling inflation. A potential spillover of the war remains the major outlook risk.
Regional inflation to soar in 2022
Regional inflation jumped to 16.8% in April (March: 15.6%), marking the highest reading since our records began in February 2019 . This upturn was broad-based, with Moldova, Kazakhstan, Russia and Ukraine leading the pack amid soaring food and energy costs. Inflation should peak in Q2, although price pressures should ease somewhat in Russia. Risk are skewed to the upside.
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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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Ukraine: NBU delivers large rate hike in unexpected June meeting
June 2, 2022
At a surprise meeting on 2 June, the National Bank of Ukraine (NBU) raised its key policy rate by 1,500 basis points to 25.00% from 10.00%.
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Russia: Manufacturing PMI improves in May
June 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 50.8 in May, up from April's 48.2.
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Kazakhstan: Inflation comes in at highest level since September 2016 in May
June 1, 2022
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April.
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Russia: Central Bank slashes rate by further 300 basis points to 11.00% at the end of May
May 26, 2022
At an unscheduled meeting on 26 May, the Central Bank of the Russian Federation (CBR) cut its key interest rate from 14.00% to 11.00%.
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Russia: Growth decelerates in Q1; worse to come in Q2
May 18, 2022
GDP growth slumped to 3.5% year on year in the first quarter of 2022, according to a preliminary estimate released by Rosstat on 18 May.
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