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Prospects for the global economy to end-2020

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PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…

Russian policy toolkit mixes rate rises and price caps

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RUSSIA

This is high enough to worry the Central Bank of Russia (CBR): inflation has hovered around 4%, the bank's target level, for the last four years. The CBR has responded with…

Russian banks face another tough year in 2023

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RUSSIA

Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…

Russian recession will blunt Central Asian growth

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CIS

Russia's economic problems caused by the low price of oil and to a lesser extent Western sanctions are a challenge for Kazakhstan and the four other Central Asian states. In its…

Third COVID wave calls for caution from Erdogan

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TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…