Multi-apartment buildings are being built even more slowly // Construction Monitoring

The commissioning of multi-apartment housing in July continued to decline, as follows from the data of Rosstat, in annual terms, 2.8 million square meters were put into operation last month. m, which is 14% less than a year earlier, when the volume of commissioning amounted to 3.2 million sq. m. m. Also, the figures for … Read more

Let’s eat our own // The Ministry of Economy expects stabilization from the budget, recession from GDP, and reduction from imports

The macro-parameters of scenario conditions for economic development developed by the Ministry of Economy are being discussed in the government. They were first created in the logic of the new version of the budget rules, which assume stable exports at just under $500 billion a year, the agency, in line with expectations of a two-year … Read more

School incompleteness // Yuri Litvinenko on the difficulties of choosing a computer for the school year

There are less than two weeks left before the start of the new school year, and by September 1, parents have been buying not only stationery, but also electronics by September 1. You can come up with different requirements for what store marketers call a “study computer.” But, in any case, it should definitely be … Read more

World food prices continue to decline // Infographics

The FAO Food Price Index continues to decline for the fourth consecutive month from the record highs recorded in March. In July, the average value of the index was 140.9 points, which is 13.3 points, or 8.6%, lower than in June. This is the sharpest decline since October 2008, according to FAO materials. It is … Read more

Say something like a central bank // ECB economists wondered if the population of Europe understands them

Economists at the European Central Bank (ECB) have published a review on the new stage of the “communication revolution of central banks”. The active communication of regulators with the professional community since the 1990s has been transformed in recent years into a discussion by central banks of the next step – direct communication with the … Read more

Longer, softer, more boring // The Central Bank reduced the cost of credit and extended the forecast for the duration of the recession

The key rate has been reduced again, and unexpectedly much: the Board of Directors of the Bank of Russia decided to set it at 8% per annum. In the revised forecast for 2022-2024, the Central Bank assumes that the continuation of the recession in 2023 is inevitable, the recession will be less deep and longer … Read more

The recession is growing in length and width // Contraction of the Russian economy will continue in 2023

The fall of the Russian economy is deepening and affecting an increasing number of regions. Although the July consensus forecasts suggest that GDP, consumption, investment and net exports will decline less than expected in 2022, the recession will likely drag on for the next few years. At the same time, the risks of deterioration in … Read more

Central Bank analysts: the recession of the Russian economy will be less deep, but longer than expected

The indicators of the Russian economy will decline less deeply than expected, however, according to analysts, for a longer time, follows from the materials of the Bank of Russia. At the same time, investment imports are recovering slowly, analysts of the Central Bank (CB) note. The easing of monetary policy (CST) will contribute to a … Read more