The pandemic caused lockdown has entailed the greatest global decline in economic activity since WW2, Russia’s Finance Minister Anton Siluanov said.
As he noted, that triggered drops on financial and commodities markets, declines in personal and national revenues. According to Anton Siluanov, government support measures in Russia reached 4.5% of the national GDP, while regional assistance and extrabudgetary injections brought the figure up to 9% of the GDP. The Minister also noted, the national budget deficit reached 5.4% of the GDP.
As Invest Foresight reported earlier, Russian economy may face an investment crisis stirred by the reemerging pandemic and persistently low oil prices.