The economies of the EEU member states went through a very difficult transformational crisis in the 1990s, however, they have mostly managed to preserve the key infrastructure, production assets and human resources.
The main macroeconomic performance indicators of the EEU member states, the integration processes and the difference in their level of development were studied by Analytical Center experts and presented in their new bulletin on the current trends in the global economy titled 'EEU: Socio-Economic Development of the Regions'.
The experts note that the countries set up the EEU in 2015 when global oil prices had fallen and Russia and Kazakhstan were experiencing a recession, which had a negative impact on the economies of the other EEU member states. In such harsh conditions, the integration processes were off to a fairly good start and an important role in that was played by trade within the Union.
Russia's labor market is also very important as it draws labor migrants from other countries of the Union, the authors of the bulletin believe. Consequently, personal remittances from Russia are an important element in the macro-economic stability, savings and investments in such countries of the Union as Armenia and Kyrgyzstan.
For more see the bulletin 'EEU: Socio-Economic Development of the Regions'.
Other bulletins on the current trends in the global economy can be found in Publications.