The Russian economy predicted a rapid recovery after the pandemic

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www.vsyako.netPhoto: Ilya Pitalev / RIA Novosti

Russia entered the top five countries with the most favourable economic preconditions for recovery after a pandemic coronavirus. About this newspaper “Izvestia” with reference to the annual report of the Institute for Economics and peace (IEP).

Growth after the pandemic has also predicted Indonesia, China, Mexico and Australia. Prerequisites for a quick economic recovery are a small national debt, low unemployment, low taxes and a weak dependence on international trade.

In addition, the exit from the crisis affected the producer price index, reflecting the level of peacefulness in the country. According to this indicator Russia is on the 37th place. According to forecasts of the head of IEP Steve Killelea to restore the world economy to the level of 2019 will need five years.

The Institute for Economics and peace, the international centre for development of Economics from its headquarters in Sydney.

Quarantine for pandemic coronavirus cost the Russian business 3.7 trillion rubles. In April, the company’s revenue fell by 21 percent compared to the previous month. 75 percent of small and medium-sized businesses in Russia believe, that the economic situation in the near future will not be better.

Video, photo All from Russia.

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