Economic intelligence on Eastern Europe, the Caucasus & Central Asia
Chronicles · Klaus Dormann
60 articles
Klaus Dormann has chronicled the Russian economy for decades — from his years as an analyst at Ruhrgas and E.ON to today's sanctions economy. His weekly chronicles track industry, trade and finance with unmatched historical depth.
To explain this steady growth, the IMF points out that Russia, as an exporter of raw materials and energy, is benefiting from higher world market prices.
If the Russian Central Bank had expected a decline in GDP as sharp as that forecast by the ifo Institute, it would likely have cut its key interest rate more sharply on Friday.