President Recep Tayyip Erdogan did it again. On September 23, Turkey shocked with a 100bp rate cut. More cuts are awaited despite booming (even official) inflation and global inflationary period. ... more
Ukraine’s real GDP increased 5.7% y/y in 2Q21, the State Statistics Service reported on September 20, improving on its preliminary estimate of 5.4% y/y. However, economic growth is slowing as the ... more
Rosstat revised its 2Q21 GDP estimates up to 10.5% y/y in the quarter, up from the preliminary estimate of 10.3% y/y. The growth was the highest since the economic bounce back in 2000, following the ... more
Iran’s economy grew by 3.6% in the 2020/2021 Persian calendar year (ended March 20), Akbar Komijani, lately appointed caretaker governor at the Central Bank of Iran (CBI), was cited as saying by ... more
Georgia's economy expanded 12.0% year-on-year in the first eight months of 2021, compared with a 5.6% drop in the year-earlier period, preliminary government data showed on September 30. The gain ... more
In the first year of a new decade, it looks like we have a new phase on our hands. With its withdrawal, the US left a nuclear device in Afghanistan that will explode again and again in the middle of ... more
Ukraine’s economy fell back into recession in the second quarter of this year as the fallout from the pandemic and soaring inflation that caused the National Bank of Ukraine (NBU) to dramatically ... more
Russia’s economy expanded by 4.7% in June as the economy continues to stabilise. The Russian economy continued to normalize on a y/y basis, although many sectors have begun to see stagnation, the ... more
Iran’s economy grew by 3.6% in the 2020/2021 Persian calendar year (ended March 20), Akbar Komijani, lately appointed caretaker governor at the Central Bank of Iran (CBI), was cited as saying by ... more
Georgia’s estimated real gross domestic product (GDP) growth rate in May amounted to 25.8% y/y, while for January to May it was 11.5%, according to a rapid estimate by national statistics office ... more
Summary: Ukraine’s economy is recovering nicely and likely to show its highest quarterly growth since 2007 in the second quarter - about 8.0% year-on-year – after five successive quarters of ... more
Summary: The Russian economy surpassed pre-COVID-19 levels in 2Q21, with the country’s 1H21 growth estimated at 4.6% YoY and its 2Q21 growth at 10.1% YoY, according to the Ministry of Economic ... more
Summary: Georgia’s estimated real gross domestic product (GDP) growth rate in May amounted to 25.8% y/y, while for January to May it was 11.5%, according to a rapid estimate by national statistics ... more
Summary: Iran’s economy grew by 3.6% in the 2020/2021 Persian calendar year (ended March 20), Akbar Komijani, lately appointed caretaker governor at the Central Bank of Iran (CBI), was cited as ... more
Ukraine country report for July ... more
Russia country report for July 2021 ... more
Summary: Turkey is entering an era of violence. President Recep Tayyip Erdogan threatened the opposition with describing a mob attack against Iyi Party leader Meral Aksener as “these are your ... more
Summary: Iran has moved out of its three-year recession after recording two consecutive quarters of growth, the Central Bank of Iran’s (CBI’s) governor Abdolnasser Hemmati has announced on his ... more
Summary: Ukraine’s economy is recovering nicely and looks forward to strong growth in 2021, but a number of uncertainties remain. The economy has begun to grow again, but Ukraine is still ... more
Summary: Russia’s economy continued to recover in the first three months of this year. Although January and February posted negative growth the moment was clearly already growing on the ... more