2014 marked the first year since 1999 crisis when Russian households experienced a decline in real household income.
One aspect of capital outflows is how the aggregate reflects deposits shifts into forex, known as ‘dollarisation’ of deposits. When Russian residents withdraw foreign currency from…
Here is a compendium of the latest banking stats reported by the CBR and in the Russian media.
Few weeks ago I covered in some details the implications for Ukraine of the latest IMF-led lending package:
The Economy Ministry has been busy preparing new forecasts for Russia for 2016, trailing behind the recent forecasts from the Central Bank.
IMF came through just-in-time after seeing Ukraine going down to the last USD 4.5 billion in reserves and only barely enough time to pay the loans due to be repaid to… IMF.
Computerization will continue to hit low wage jobs the hardest.