Guidelines for the Development of the Russian Financial Market
Source: Bank of Russia, Rosstat
Bank of Russia RUSSIAN MACRO UPDATE
The Central Bank of the Russian Federation
KEY INDICATORS
Clear signs of macro stabilization across the board
Figure 1: Real GDP growth started to recover (YoY, %)
Figure 2: Unemployment rate in Russia remains low (%)
8
- Unemployment rate
7.0
6
4.3
6.5
3.5
5.3%
4
6.0
1.3
2
0.7
1.5
5.5
-0.2
0
5.0
5.2%
4.5
-2
-2.8
4.0
-4
2011
2012
2013
2014
2015
2016
2017
12.14
03.15
06.15
09.15
12.15
03.16
15.0
9.1
7.9
Investment 3.6%
10.0
5.2
Private consumption 3.4%
5.0
2.0
6.8
0.8
5.0
1.3
- 5.0
- 2.8
- 1.8
- 10.0
- 9.4
- 11.2
- 15.0
2011
2012
2013
2014
2015
2016
2017
Figure 3: Russian economy recovered driven by private consumption
and investment (YoY, %)
Private consumption
Investment
Figure 4: Russian Ruble volatility remains low while in free-floating
90
RUB per 1 USD
80
70
60
58.7
50
40
30
12.14
03.15
06.15
09.15
12.15
03.16
06.16
09.16
12.16
03.17
06.16
09.16
12.16
03.17
ལན།
61.3
06.17
09.17
12.17
03.18
06.17
09.17
12.17
Unemployment rate, SA
4.7%
5.0%
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