“It seems that the current problems associated with the pandemic of the new coronavirus will turn into more widespread shocks than the financial crisis of 2008-2009, and trade conflicts and sanctions exacerbate the recession,” TASS quoted the head of state.
According to him, unemployment amid the development of the situation with coronavirus may exceed 2009 figures.
“In our opinion, the key risk is long-term unemployment, the peak of which in any scenario will exceed the level of 2009,” Putin said.
As the president noted, unemployment dynamics “will also become a key indicator of the effectiveness of the anti-crisis measures we are taking.”
Earlier, President Xi Jinping during the G20 summit called for the abolition of tax duties to promote the global economy in the context of the coronavirus pandemic.