Russia’s Economic Ministry issues bleak economic stress test scenario
20 hours ago
The economy of Bosnia & Herzegovina’s smaller entity - Republika Srpska - grew by a real 2.2% y/y in 2015, accelerating from a revised growth of 0.2% y/y the previous year, the entity’s statistics office reported on March 30. In the fourth quarter alone, annual GDP growth accelerated to 2.6% from a 2.4% y/y rise in Q3.
Republika Srpska’s economy was backed by better performance of agriculture and industry. Additionally, stronger growth in the wholesale and construction sector played a role.
Agricultural production increased 4.5% in 2015, reversing an 8.2% decline in the previous year.
The industrial sector grew by 2.6% y/y last year, accelerating from a 1.1% rise in 2014. The manufacturing sector expanded by 2.8% y/y, cooling from a 5.9% rise a year ago.
The construction sector grew by 3.2% y/y in 2015, slowing from a 12.9% y/y rise a year earlier.
Related Content
Data
Russia’s Economic Ministry issues bleak economic stress test scenario
Russia's Finance Ministry ran an extreme stress test on the economy for this year that assumes zero growth, a weakening ruble and falling oil and gas revenues in the worst-case scenario.
Moldova’s industrial output shows signs of recovery in February
More abundant and cheaper gas this year creates opportunity for resumption of industrial activity in Moldova.
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
Most Read
-
Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
3 days ago
-
Police use pepper spray on demonstrators in Tbilisi protesting against foreign agents law
22 hours ago
-
It’s no slip-up, there are almost no bananas in Turkmenistan
2 days ago
-
Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
4 days ago
-
Europe’s top human rights body has no plans to sanction Turkey over failure to free Kavala
1 day ago
-
The models are wrong, climate change is accelerating faster than predicted
5 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
9 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
7 days ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
6 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
30 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
1 month ago
-
Saudi Arabia to scale back plans for Neom city
19 days ago
-
Iran vs Israel: Who is better equipped for war?
16 days ago