Macroeconomics

Russian Economy in Next Three Years: Path and Risks
Economics
Russian Economy in Next Three Years: Path and Risks
  |   Olga Volkova

Why should we expect a slowdown of the Russian economy, what traps has it fallen into, what will help curb inflation, and what are the fiscal policy risks? These issues were discussed by economists at the Financial Congress of the Bank of Russia.

Shifts on the Map
Economics
Shifts on the Map
  |   Olga Kuvshinova

The macroeconomic situation is the overall performance of the country’s regional economies. Experts at the Bank of Russia’s Financial Congress assessed which regions are benefiting and which are losing out as a result of the ongoing transformation and structural changes.

Russian Labour Market: ‘A Perfect Storm’
Economics
Russian Labour Market: ‘A Perfect Storm’
  |   Yekaterina Kravchenko

There is not a single industry in Russia in which the overhang of job vacancies is not rising. Although the renewed growth of real wages will reduce this overhang, the labour shortage may persist for many years, according to Rostislav Kapeliushnikov, a labour market expert.

The Fight for Workers: the Russian Labour Market’s Reaction to Sanctions
Economics
Opinions
The Fight for Workers: the Russian Labour Market’s Reaction to Sanctions
  |   Yekaterina Kravchenko

International sanctions have accelerated the transformation of the labour market which started during the pandemic. The market has moved from limited demand to limited supply, and this situation will persist for a long time, labor market expert Rostislav Kapeliushnikov says.

Instability Problems in Efficient Companies
Economics
Instability Problems in Efficient Companies
  |   Natalia Karlova, Elena Puzanova, Irina Bogacheva

Many Russian firms prioritise their market position over productivity growth; low competition and high entry barriers reduce their incentives for innovation. This approach extends the life of inefficient businesses whilst undermining the sustainability of efficient ones.

Income and Poverty of Highly Educated Professionals in Russia
Economics
Income and Poverty of Highly Educated Professionals in Russia
  |   Vlasta Demyanenko

One in five of Russian professionals with higher education and permanent employment are impoverished or low-income. According to the HSE, poverty among professionals, which seemed to be a thing of the past, is now returning, and the crisis may exacerbate it.

Economic Activity: Bank of Russia Index
Economics
Economic Activity: Bank of Russia Index
  |   Andrey Andreev

The index, developed by the Bank of Russia on the basis of surveys of enterprises, enables real-time assessment of the Russian economy and its sectors. It displays a high correlation with GDP, coming out in advance of it in terms of the timing of the publication of statistics.  

Conservation of Employment: What Is in Store for the Russian Labour Market
Economics
Conservation of Employment: What Is in Store for the Russian Labour Market
  |   Yekaterina Kravchenko

International sanctions have sparked a fundamental transformation in the Russian labour market, which may result in large-scale underutilisation of accrued human capital, notes Rostislav Kapeliushnikov, Corresponding Member of the Russian Academy of Sciences.

Regional Economy: Transformation
Economics
Regional Economy: Transformation
  |   Econs

Russian businesses have faced foreign counterparts’ refusal to continue cooperation, suspension of imported components and the rising cost of logistics. Companies are looking for alternative production and logistics chains, the Bank of  Russia survey finds.