Russian economy contracted 3.1% in 2020

RUSSIA / FSU POLITICS - In Brief 02 Feb 2021 by Alex Teddy
On February 1 Moscow announced its official statistics for economic growth in 2020. The shrinkage was less severe than anticipated. The avoidance of a second lockdown was partly the reason for this. Spain by contrast experienced an 11% economic contraction. Rosstat revealed that hotels, restaurants, airlines and sports sectors have suffered most.On February 1 Russia had 3.8 million cases of coronavirus. That is the highest figure in the world but Russia's death toll is relatively low.

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