During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...

During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...

In November 2018, the Organization for Economic Development and Cooperation (OECD) presented its updated forecasts2, according to which global economic growth would slow down from the current 3.7 percent (the OECD's estimate as of 2018) to 3.5 percent in 2019–2020. Earlier, the OECD's experts...

In December 2015, Russian foreign trade outlook was determined by a reduction of the world prices on commodities, mainly on oil, and correlated with it ruble's depreciation. Import volume was shrinking by higher rates compared to export decline rates due to slowdown of economic growth and...

In September 2015, the Russian foreign trade turnover was contracting. Deterioration of relations with Turkey, which is a major trading and economic partner of the Russian Federation, added to many negative factors affecting Russian foreign trade