Tatiana Orlova

Macro Hive Author

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please email meettheresearchers@macrohive.com
SPECIALITY: Economics, Emerging Markets,

Tatiana Orlova holds a MSc in Economics from the LSE and has worked as an Emerging Market economist and strategist since graduation in 2001. She has been employed in EM research teams in four investment banks covering a diverse range of CEEMEA economies, with a particular specialism in the post-Soviet economies.

Tatiana’s unique background and experience, as well as her deep knowledge of the region’s economics, history and geopolitical realities, has allowed her to make accurate forecasts and predictions across the range of Fixed Income instruments. She has covered the region’s hydrocarbon producers during the oil crises of 2008-2009 and 2014-2016, and issued a range of successful calls. Most notably, in September 2014 she predicted that Russia was about to lose its investment grade sovereign rating, which was then a highly non-consensus view. Similarly, she correctly called imminent downgrades of sovereign ratings of Azerbaijan and Kazakhstan during the following winter. She also has a track record of successful FX and interest rate recommendations.

Tatiana is a widely known expert on the post-Soviet economies who has given multiple interviews to major world financial media (such as FT, Bloomberg, Reuters, CNBC etc) and spoken at conferences attended by hundreds of clients.


In: Hive Exclusives | EEMEA

Russia Sanctions: The Shock That Never Came

April 16, 2021

Summary US sanctions barring entities from participating in Russia’s primary debt markets are likely to have limited market impact. Sanctions were already…

In: Hive Exclusives | EEMEA Monetary Policy & Inflation

CBR Preview: The Case for a March Rate Hike

March 18, 2021

Summary I expect the CBR to hike its policy rate by 25bps to 4.50% on Friday and follow with further tightening in…

In: Hive Exclusives | Commodities Economic Growth EM Europe FX Monetary Policy & Inflation Politics & Geopolitics US

Turbulent Domestic Politics Is Scaring off Investors and Keeping the Rouble Weak

February 08, 2021

Summary Russia’s economy is gaining traction, bolstered by vaccine rollout. But local assets have underperformed with the threat of sanctions following the…

In: Hive Exclusives | Commodities COVID EM Europe FX Labour Market & Inequality Monetary Policy & Inflation

After a Long Russian Winter, A Rate Cut Will Come

December 04, 2020

Summary RUB is benefitting from the EM rally and the OPEC+ agreement to delay increases in oil output. But Russia is in…

In: Hive Exclusives | Europe Politics & Geopolitics

What Russia And Germany Want In Belarus

August 21, 2020

Belarus, one of the few remaining autocratic regimes in the post-Soviet space, is in the middle of an acute political crisis. Acting…

Sunset Oil

In: Hive Exclusives | Commodities Europe FX

Russia Preparing For Oil War

March 09, 2020

The oil market is in freefall. Oil prices suffered some of their biggest falls on record on Monday after Saudi Arabia triggered a price war with Russia…

Vladmir Putin

In: Hive Exclusives | EM Europe Politics & Geopolitics

Presidential Transition Begins In Russia. Should Investors Worry?

January 16, 2020

During his annual address to the National Assembly on Wednesday, President Vladimir Putin dropped a bombshell. Halfway through his speech…

In: Hive Exclusives | EM Europe Politics & Geopolitics

Russia-Ukraine: Tentative Progress

December 10, 2019

On 9 December, leaders of Ukraine, Russia, France, and Germany met in Paris in a Normandy format as part of efforts to resolve the frozen conflict…

Russia Vs. Ukraine

In: Hive Exclusives | EM Europe Politics & Geopolitics

Russia Vs. Ukraine: Donbas Thaw Could Help Credit

November 27, 2019

Since the 2014 Ukrainian revolution, when Ukrainian President Yanukovych was ousted, Russia has been involved in a military conflict in eastern Ukraine…

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