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Real disposable incomes fell by 8% in year-on-year terms in April to June according to Rosstat. It also said that Russia's industrial output fell by 9.4% in June compared to a year ago. [29] On 22 July, the economy minister, Maxim Reshetnikov, was quoted as saying that Russia's GDP declined by 4.2% in the first half of 2020. He said that this ...
The government of Russia has initially responded to the COVID-19 pandemic in the country with preventive measures to curb the spread of the coronavirus disease 2019 in the country, which involved imposing quarantines, carrying raids on potential virus carriers, and using facial recognition to impose quarantine measures. [1]
While soaring defense spending has fueled Russia's economy in recent years, it has also contributed to rising inflation, which Russian President Vladimir Putin said could hit 9.5% in 2025.
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
A looming economic catastrophe driven by the fundamental flaws in Russia's current strategy will likely set the stage for severe long-term consequences that will play out in the years ahead. More ...
Federal subject Total Population (2020) [3] Per 1 million Cases Recov. Deaths Cases Deaths 85 out of 85 3,544,623 2,936,991 65,085 146,748,590 24,154 443.5
For now, Russia's wartime spending as well as oil exports to China and India have helped prop up the overall economy. But the combination of busy factories and labor shortages due to military ...
The COVID-19 pandemic in Russia was a part of the pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . The virus was confirmed to have spread to Russia on 31 January 2020, when two Chinese citizens in Tyumen ( Siberia ) and Chita ( Russian Far East ) tested positive for the virus, with both cases ...