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In late February 2022, the EU countries and the USA put in place sanctions against the Bank of Russia, which imply freezing of international reserve assets. As a result, about 50% of the reserves ($300 bn of the $630 bn available as of February 1, 2022) were affected by the sanctions.Countries...
Persistent link: https://www.econbiz.de/10013289171
Due to the fact that the balance of risks has moved towards a substantial cooling down of the economy, the Bank of Russia Board of Directors decided at its regular meeting on 13 March 2015 to lower by 1 p.p. the key interest rate to 14% p.a. In February 2015, the Consumer Price Index stood at...
Persistent link: https://www.econbiz.de/10013023166
The consumer price index stood at 0.7% (0.6% in February 2013) in February 2014, rising 0.1 p.p. above the value recorded in January 2014. As a result, inflation stood at 6.2% at the end of a 12-month period. The consumer price index reached 0.7% within 24 days in March 2014. The Bank of Russia...
Persistent link: https://www.econbiz.de/10013055079
Global financial markets are being dominated by upbeat sentiments in the face of official statistics that show major economies are slowing. Market volatility in developed countries is on the slide as the attractiveness of developing countries' assets is on the rise. However, economic agents'...
Persistent link: https://www.econbiz.de/10012953299
In 2020, the coronavirus pandemic triggered the largest drop in global output since World War II. However, it turned out to be less than expected at the beginning of the pandemic. International organizations are improving global economic outlook as the vaccination of the population accelerates...
Persistent link: https://www.econbiz.de/10013235234
The imposition of sweeping sanctions against Russia has a negative impact on the entire global economy, contributing to accelerating inflation and slowing economic growth. The decline in GDP growth in most G-20 countries has been influenced, among other things, by tightening of the monetary...
Persistent link: https://www.econbiz.de/10014355498
In July, the IMF, the European Commission, and the Asian Development Bank updated their previous world economic development forecasts. In the updated IMF forecast, the global GDP growth rate for 2022 is reduced to 3.2% because of a slowdown in the movement of that indicator in the largest G20...
Persistent link: https://www.econbiz.de/10014355505
The UN and the European Commission have revised downward the global GDP growth estimate to 3.1–3.2% in 2022, a decrease compared with the IMF outlook released in April (3.6%). The economic growth outlooks for China and the US in 2022 were lowered to 4.2–4.6% and 2.4–2.9%, respectively. At...
Persistent link: https://www.econbiz.de/10014358013
In Q3 2020, the pace of economic recovery in many countries turned out to be higher than expected. However, this growth only in part offset the deep recession that had been observed in Q2. In the majority of countries, output is well below its pre-crisis levels. The “second wave” of the...
Persistent link: https://www.econbiz.de/10013248365
Persistent link: https://www.econbiz.de/10009722122