The Russian economy came out of the coronavirus 2020 in the conditional plus. Luciana Juvenal came to this conclusion from the International Monetary Fund (IMF) and Galina Hale from California University in Santa Cruz in the work “External Accounts and Crisis COVID-19”, Kommersant writes.
According to analyst estimates, Russia can be considered conditionally won in the total increase in the value of foreign assets and liabilities following 2020. It is specified that the country has finished the year with an increase of 40 billion dollars mainly due to the growth of reserves of the Central Bank.
According to the Russian authorities, the domestic economy is about to recover from the crisis provoked by the coronavirus pandemic. According to President Maxim Oreshkin, for example, the country remains to make a couple of steps in order for GDP to achieve pre-crisis.
Earlier, Russian President Vladimir Putin appreciated the course of restoring the country’s economy from the crisis provoked by the coronavirus pandemic. “The economy is restored, the real sector of the economy is restored,” the head of state concluded. At the same time, he stressed that COVID-19 pandemic has not yet ended, and its consequences are not overcome.