Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine

In 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 eas...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS MONETARY POLICY FINANCIAL SECTOR FISCAL TRENDS LABOR MARKET CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE COVID-19 VACCINATION GLOBAL VALUE CHAIN GLOBAL INTEGRATION
Online Access:	http://documents.worldbank.org/curated/en/926731608144556907/Russia-Economic-Report-Russias-Economy-Loses-Momentum-Amidst-COVID-19-Resurgence-Awaits-Relief-from-Vaccine http://hdl.handle.net/10986/34950

id	okr-10986-34950
recordtype	oai_dc
spelling	okr-10986-349502021-06-14T09:52:36Z Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS MONETARY POLICY FINANCIAL SECTOR FISCAL TRENDS LABOR MARKET CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE COVID-19 VACCINATION GLOBAL VALUE CHAIN GLOBAL INTEGRATION In 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. 2020-12-18T17:02:31Z 2020-12-18T17:02:31Z 2020-12-16 Report http://documents.worldbank.org/curated/en/926731608144556907/Russia-Economic-Report-Russias-Economy-Loses-Momentum-Amidst-COVID-19-Resurgence-Awaits-Relief-from-Vaccine http://hdl.handle.net/10986/34950 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Europe and Central Asia Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS MONETARY POLICY FINANCIAL SECTOR FISCAL TRENDS LABOR MARKET CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE COVID-19 VACCINATION GLOBAL VALUE CHAIN GLOBAL INTEGRATION
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS MONETARY POLICY FINANCIAL SECTOR FISCAL TRENDS LABOR MARKET CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE COVID-19 VACCINATION GLOBAL VALUE CHAIN GLOBAL INTEGRATION World Bank Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
geographic_facet	Europe and Central Asia Russian Federation
description	In 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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
title_short	Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
title_full	Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
title_fullStr	Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
title_full_unstemmed	Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
title_sort	russia economic report, no. 44, december 2020 : russia's economy loses momentum amidst covid-19 resurgence; awaits relief from vaccine
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/926731608144556907/Russia-Economic-Report-Russias-Economy-Loses-Momentum-Amidst-COVID-19-Resurgence-Awaits-Relief-from-Vaccine http://hdl.handle.net/10986/34950
_version_	1764481999665364992

Russia Economic Report, No. 44, December 2020 : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine

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