OPEC upgrades Russia’s economic forecast

14.10.2021

Russia’s recent industrial output growth eased to 4.7% y-o-y in August from 7.2% in July, reflecting the bottlenecks in electronic components and other manufacturing inputs. The demand-side indicators signalled moderate growth reflecting the effects of monetary tightening. Retail sales advanced 5.3% y-o-y in August of 2021 following a 5.1% y-o-y...