Economy

Our view that Russian monetary policymakers will be shifting their attention towards the deteriorating macroeconomic picture is playing out in our favour after the central bank cut... 2011-09-15

With the pace of economic growth in Ukraine showing signs of slowing, we expect the benchmark interest rate to remain on hold at 7.75% through the end of 2011 and beyond. A deteriorating... 2011-09-12

A weaker performance of Azerbaijan's oil sector has seen the economy expand by just 1.1% in the seven months to July, presenting downside risks to our 5.6% full-year growth forecast.... 2011-08-30

Georgia's trade gap grew by a whopping 32.4% year-on-year (y-o-y) in the first half of 2011 despite export growth of 43.8% y-o-y to US$1.04bn recorded during this period. While in... 2011-08-30

Headline consumer price inflation in Azerbaijan remained at elevated levels in recent months, with prices rising 8.7% over the same period in the previous year, during the first seven... 2011-08-30

Consumer price inflation in Mongolia rose by 10.1% year-on-year (y-o-y) in the month of July, according to the latest statistical bulletin released by the National Statistical Office,... 2011-08-30

Headline consumer price inflation (CPI) slowed further in July to 9.0% year-on-year (y-o-y), down from 9.4% in the previous month, and 9.6% in May. Russia's average CPI print year-to-date... 2011-08-30

We are revising down our end-2011 interest rate forecasts for Georgia from 8.00% to 7.25%, together with our year-end inflation forecasts from 9.7% to 8.0%. While we remain sanguine... 2011-08-24

We hold to our forecast for Turkmenistan to register 9.7% real GDP growth this year, up from 9.2% witnessed in 2010. High global commodity prices for Turkmenistan's key exports ( in... 2011-08-23

We forecast Uzbekistan's current account balance to come in at a US$4.3bn surplus in 2011, representing 9.8% of GDP up from 6.8% of GDP in 2010. We forecast the merchandise trade... 2011-08-23