Slowing consumer demand will create inflation risk below the baseline forecast, the Ministry of Economic Development warns. The growth of Russian debt on loans may begin to slow down consumer demand by the end of the year.
Russia has raised three lines in the new World Bank Group Doing Business ranking. Our country first made its way into the top 30, rising from 31st to 28th place, among 190 countries. The rating assesses the conditions for doing business in the country.
The volume of investments in fixed assets in Moscow in H1 2019 increased by 19.5% YoY and amounted to 946 billion rubles, according to a press release from the Complex of Economic Policy and Property & Land Relations of the Moscow Government.
The annual inflation forecast for 2019, according to the Ministry of Economic Development, is about 4.3%. According to July 15, annual inflation in the Russian Federation fell to 4.5%, according to the report of the Ministry of Economic Development “Picture of business activity. July 2019”.
On August 6, 2014, Russian President Vladimir Putin signed a decree banning or restricting the import of agricultural products, raw materials, and food from states that introduced economic sanctions against some Russian Federation residents.
Foreign direct investment in Russian companies in January-June 2019 increased to $11.6 billion from $8.4 billion for the same period last year, the Central Bank of Russia estimates the balance of payments of the Russian Federation for the second quarter of 2019.