Russia Economic Report, No. 44, December 2020

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dc.creatorWorld Bank
dc.date2020-12-18T17:02:31Z
dc.date2020-12-18T17:02:31Z
dc.date2020-12-16
dc.date.accessioned2026-07-01T00:38:34Z
dc.descriptionIn Q2, Russia’s GDP contracted sharply, faced with domestic supply and demand, and terms of trade shocks. Yet supported by exports, GDP growth performed slightly above expectations. In the third quarter, as COVID-19 cases declined, restrictions eased and on the back of fiscal, monetary, and regulatory measures. Economic activity showed signs of picking up, as reflected by some resumption in industrial production sectors and services. However, negative momentum is expected to continue in Q4 amidst rising COVID-19 infection rates and re-installment of some mobility restrictions. The COVID-19 pandemic weakened corporate balance sheets, especially in services sectors such as hotels, tourist agencies, railway and airpassenger transportation.
dc.formatapplication/pdf
dc.formatapplication/pdf
dc.identifierhttp://documents.worldbank.org/curated/en/926731608144556907/Russia-Economic-Report-Russias-Economy-Loses-Momentum-Amidst-COVID-19-Resurgence-Awaits-Relief-from-Vaccine
dc.identifierhttps://hdl.handle.net/10986/34950
dc.identifierhttps://doi.org/10.1596/34950
dc.identifier.urihttp://hdl.handle.net/123456789/408096
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectBALANCE OF PAYMENTS
dc.subjectMONETARY POLICY
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL TRENDS
dc.subjectLABOR MARKET
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectPANDEMIC RESPONSE
dc.subjectCOVID-19 VACCINATION
dc.subjectGLOBAL VALUE CHAIN
dc.subjectGLOBAL INTEGRATION
dc.titleRussia Economic Report, No. 44, December 2020
dc.titleRussia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
dc.typeReport
dc.typeRapport
dc.typeInforme

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