FLRU - Russian Economy - Emotion Teeter In H2 2020
Crisis resolution approaches: global vs Russian way
Globally we see that a big portion of countries including the U.S. followed a simple corona-resolution strategy, which assumes taking more negative effect from national lockdowns on the economy immediately in Q2 2020. In Russia the situation is different, because its government decided to smooth the negative economic impact produced by COVID-19 in the second quarter of the year. In fact, Russia was among the top virus hotspots globally, with more than 0.5 mln confirmed cases. It also incurred higher costs just to prevent more cases, with a