wiiw Forecast Reports

RUSSIA: Economic losses manageable so far, but clouds on the horizon

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Vasily Astrov

in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 104-108

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In the second quarter, the economy shrank by a relatively moderate 8%, and the subsequent rebound has been reasonably strong. However, a recent upsurge in new infections and the currency’s weakening will dampen economic activity in the months to come. In the baseline scenario, GDP is expected to decline by 4.5% this year, with a moderate recovery of 2-2.5% per year projected for 2021-2022.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Russia


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