Russian recovery stalling

RUSSIA / FSU POLITICS - In Brief 04 Nov 2020 by Alex Teddy
The Central Bank of Russia issued a report stating that the recovery has stopped. The government's response to the economic crises has ended just as coronavirus has rebounded. In Q2 and Q3 2020 the economy exceeded expectations. The CBR raised its predictions for the year. The economy is due to contract as little as 4%. However, the recovery in 2021 will not be as strong as initially predicted to be. It will be about 3.5%.The last week of October 2020 saw a drastic drop in consumer spending according to Sberbank. It was 11% down Y o Y.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.