Iran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16. Further revisions of ... more
Belarus' economic growth was higher than expected in the first half of this year topping 4.5%, which is almost twice the 2.8% forecast at the start of the year. The government is using the windfall ... more
Russia’s recovery continues but remains fragile. Growth in the first quarter remains around the 2% mark and no surprises are expected for the rest of the year.
The GDP growth forecast for this ... more
The Ukraine economy has picked up a little momentum and growth as well as incomes are starting to rise more strongly. At the same time industrial production is picking up while non-performing loans ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4% y/y in June. The expansion was driven by a rise in activity in transport, hotels and restaurants, financial intermediation and trade ... more
Iran’s real GDP growth came in at 4.3% in 2017, according to the World Economic Outlook issued by the International Monetary Fund (IMF) on April 17. Nonetheless, this figure is a shortfall from the ... more
Ukraine’s economy pick up a little in first quarter of this year, growing by 3.1% y/y, but while the situation is improved, partly thanks to strong metal exports, the economic growth is not ... more
The Belarusian economy was recovering nicely in the first quarter of this year, thanks to the revival in neighbouring Russia and more benign external conditions in general.
Impressively Belarus' ... more
Russia’s recovery remains delicate. The GDP growth forecast for this year was recently revised down to 1.9%, while the outlook for industry has dipped back into the red after the manufacturing PMI ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 5.3% y/y in the first quarter of 2018. The expansion was driven by a rise in activity in manufacturing, transport, real estate and ... more
Iran’s real GDP growth is forecast to edge down to 4.0% in both 2018 and 2019 after coming in at 4.3% in 2017, according to the latest edition of the World Economic Outlook issued by the ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 5.6% y/y in March. Preliminary data shows GDP accelerated through the first quarter of this year, rising from 4.4% in January and 5.5% ... more
Belarus’s economy is doing surprisingly well, on the back of Russia’s recovery and moreover the government is being prudent using the windfall income to pay off debt.
Belarus' gross domestic ... more
The NBU has also kept its economic growth projections for 2018-2020. According to the central bank, the Ukrainian economy will increase by 3.4% y/y in 2018.
According to official data, ... more
The publication of the “Kremlin List” at the end of January was an anticlimax. So sanctions announced on Friday April 6 against seven Russian billionaires were a shock not only for the oligarchs ... more
In 2017, Belarus’s GDP went up 2.4%, the first positive result since 2014. This meant an exit from a two-year recession, further proof of, which includes an upward trend in industrial production, ... more
Ukraine’s economy is doing better and put in 2.5% in 2017, the State Statistics Service reported on March 21, after revising its growth estimate upwards.
Economic growth was driven by ... more
Following weaker performance at the end of last year, the Russian economy appeared to get back to the track of slow growth in the first two months of this year. The engine of recovery seems to have ... more
Iran’s economy has experienced an “impressive recovery” since international sanctions were lifted in January 2016 and delivered an annual economic growth of 12.5% in the last Persian year ended ... more
Georgia, the small South Caucasus country of 3.9mn, grew by 5.5% y/y in February and 4.9% y/y in January-February. Overall, the economy achieved 5% growth in 2017. The Georgian economy has bounced ... more