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HSE rector: the middle class runs the risk of impoverishment in Russia

HSE rector: the middle class runs the risk of impoverishment in Russia
Photo: pixabay.com
According to forecasts of the rector of the Higher School of Economics Yaroslav Kuzminov, due to the economic crisis caused by the coronavirus, the middle class in Russia will turn into a poor one. According to the results of the year, unemployment will be about 9,5%, 3,4 million Russians will lose jobs.

As told by Kuzminov RBC, incomes will fall for all categories of citizens. The rich will only get poorer - and remain rich, says the HSE rector, and the middle class will take the brunt of the crisis. 

According to the baseline scenario developed by the HSE, in 2020 the unemployment rate will be 8%: the corporate sector will lose 700 thousand employees, and not the corporate sector - 1,5 million employees. At the same time, the non-corporate sector will recover faster. However, even under these conditions, unemployment will be higher in 2024 than in 2019.

Under the pessimistic scenario, unemployment will be 2020% in 9,5, and 2021% in 9,8. At the same time, 1,2 million people will be left without earnings in the corporate sector, and 2,2 million people in the unincorporated sector. And even taking into account the economic recovery, according to the pessimistic forecast, by 2024 unemployment will be at 8,1%.
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