A new issue of Talking Trends released

The Bank of Russia’s Research and Forecasting Department has released the third issue of Bulletin “Talking Trends”. The issue sums up the results of December 2015 — January 2016, when the fall in oil prices adversely impacted economic dynamics and inflation risks.

Estimates published in the Bulletin suggest that economic growth recovery will not resume until the second half of 2016. The authors note that in 2015 Russia’s balance of payments managed to quickly adjust to depreciated ruble, while net capital outflow dropped sharply. According to analysts’ conclusions, positive trends, which appeared in the financial account last year, should consolidate and bring down net capital outflow further in 2016.

The views expressed in the Bulletin are solely those of the authors and do not necessarily reflect the official position of the Bank of Russia.