Report

Russia in Global Context: Resilient to Shocks, But Growing Slowly

Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica
August 28, 2019

In recent weeks a flow of rather hot news was unable to ease the concerns about slowing economic growth worldwide, but Russia was not in the spotlight, as such issues as burning rainforests in Brazil, continuous attempts of the UK government to invent a new recipe of a Full Engli...

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<img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" />

report

August 28, 2019

Russia in Global Context: Resilient to Shocks, But Growing Slowly

In recent weeks a flow of rather hot news was unable to ease the concerns about slowing economic growth worldwide, but Russia was not in the spotlight, as such issues as burning rainforests in Brazil, continuous attempts of the...

By Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica

<img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" />

report

August 21, 2019

OFZ: Market Calm, Risks Moving to 1Q20

Despite the new round of anti-Russian sanctions and the increase of global turbulence in the first half of August, the OFZ market remains calm. We believe that it still contains fundamental value as inflation continues to slow down in...

By Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica

<img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" />

report

July 25, 2019

Economy: Making Russia Safe Again

The CBR can support consumer demand by gradually bringing its key rate closer to more comfortable levels, where the word “comfortable” means comfort not to the foreign buyers of the government bonds and not to local banks, but to...

By Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica

<img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" />

report

June 24, 2019

Russian Macro: Healthy Rate Cut

Rosstat reported that the major economic indicators in May 2019 were not as good as in April, but that was largely expected as there were fewer working days this year in May than in 2018. The fact that the...

By Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica

<img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/GKEM_square-e1580837055557.png" />

report

June 20, 2019

OFZ: Supportive Combination

The recent CBR decision to cut the key interest rate and its generally dovish comments about the future direction of the monetary policy may support demand for OFZ from international players. If we take into account the high chances...

By Alexander Kudrin, Evgeny Gavrilenkov

GK EM Analytica