“This result is especially remarkable against the background of the strongest recession in the world economy since the middle of the 20th century: for the first time in the entire post-Soviet period, Russia experienced a milder recession than the world as a whole,” the bulletin says.
The role of anti-crisis measures of the state, which led to a strong mitigation of the decline in the Russian economy, is also emphasized.
“In particular, the budget rule and inflation targeting policy helped prepare for the unique coronavirus crisis,” the authors added.
Earlier, experts from the International Monetary Fund (IMF) prepared a report in which they assessed the resilience of the Russian economy to the COVID-19 coronavirus infection pandemic.