Balance of Payments in Q2 2019

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019. No. 13, pp. 5-7

3 Pages Posted: 8 Aug 2019

See all articles by Pavel Trunin

Pavel Trunin

Gaidar Institute for Economic Policy

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: August 6, 2019

Abstract

Russia’s positive balance of trade significantly decreased in Q2 on the back of rapid contraction of exports value compared to imports. Net capital inflow was observed in the sector of federal administrative bodies and private enterprises. Banks were building- up foreign assets and were reducing obligations before non-residents. In Q2 2019, the ruble exchange rate somewhat strengthened however risks of its decline remain.

Keywords: Russian economy, balance of payments

JEL Classification: F19

Suggested Citation

Trunin, Pavel and Bozhechkova, Alexandra, Balance of Payments in Q2 2019 (August 6, 2019). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019. No. 13, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3432939 or http://dx.doi.org/10.2139/ssrn.3432939

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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