Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

The central bank does not expect a quick economic recovery

The central bank does not expect a quick economic recovery
Photo: pixabay.com

The Bank of Russia does not expect a quick economic recovery after the crisis caused by the coronavirus epidemic. This was stated by its leader Elvira Nabiullina.

As they say RIA News, the reason lies in the specialization of the Russian economy. If an enterprise cannot restore its activity in the production chain, the whole chain and output of these products may suffer. It will take time for new suppliers to appear, and these chains will be restored, said Nabiullina.

Earlier, the Ministry of Economy of the Russian Federation said that the economic recovery after the crisis it will take two years. Entering the pre-crisis level will occur no earlier than 2022. Economists at the center for macroeconomic analysis and short-term forecasting predicted that by the end of 2020, Russia's GDP will fall by 8% due to the second wave of coronavirus. 

September 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics