CIS Outlook for 2023

$997.00

After demonstrating surprising resilience since the invasion in February, eastern CIS markets will enjoy solid performance in 2023 as well, one of the few regions globally experiencing consistent growth into next year. While the western CIS markets of Russia, Ukraine, and Belarus will remain under extreme duress in 2023, in...

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After demonstrating surprising resilience since the invasion in February, eastern CIS markets will enjoy solid performance in 2023 as well, one of the few regions globally experiencing consistent growth into next year.

While the western CIS markets of Russia, Ukraine, and Belarus will remain under extreme duress in 2023, in eastern CIS markets, high commodity prices will again allow for strong budgets, underpinning heightened public spending, with a focus on social support, healthcare, education, and infrastructure. Consumer spending will perform strongly again, though sticky, high inflation will weigh on sentiment into early 2023.

Risks are considerable, however, as the war in Ukraine and energy war with Europe will stay at a highly tense level for the rest of the year and into 2023, raising the likelihood of extreme Russian retaliation, e.g., ending the grain export deal, use of an unconventional weapon, or cuts to oil/gas exports. Kazakhstan, in particular, could become a major casualty of the energy war, with Russia cutting off its oil exports. Multinational companies need to make broad, strategic decisions related to supply chains and financing to operate effectively in the CIS region.

  • Executive Summary
  • CIS Region in the Global Context
  • CIS Outlook for 2023
  • Drivers of the Outlook in 2023
  • Business Implications and Actions to Take
  • Demand Dynamics Outlook
  • Operating Conditions Outlook
  • Markets in Focus
  • Additional Resources