Eastern Europe / Data
Belarus GDP grew by 1.2% y/y in 2019
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Ukraine consumer inflation ends 2019 at 4.1%
Ukraine’s consumer prices declined 0.2% month-on-month in December from 0.1% m/m growth in November, while annual inflation slowed to 4.1% y/y from 5.1% in November
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Ukraine international reserves grew by 22% in 2019
Ukraine's reserves hit a 14 year high of $25.3bn in 2019
Russia's inflation at 3% in 2019
Russia's consumer price inflation posted 0.4% month-on-month in December 2019, translating into a 2019 full-year CPI of 3% year-on-year versus 4.3% y/y seen in 2019, according to the preliminary estimates of the Rosstat statistics agency.
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Belarus foreign reserves jump by 31% in 2019
The foreign exchange reserves of Belarus increased by $2.2bn in 2019, or 31.2% year-on-year, to $9.4bn in 2019, according to the National Bank of Belarus (NBB).
Belarus government forecast of 2.8% y/y GDP growth in 2020 met with scepticism by foreign, local economists
The Belarusian government forecasts the nation's GDP to increase by 0.7% year-on-year in the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Russia's PMI slows modestly in December but still ends 2019 with growth
The Russian composite PMI was lifted by the strong service sector results as usual. The Russia Composite PMI index posted a modest but still positive 51.8 in December, down slightly from 52.9 in November.