In Q2, Russia~^!!^s GDP contracted sharply, faced with domestic supply and demand, and terms of trade shocks. Yet supported by exports, GDP growth performed slightly above expectations. In the third quarter, as COVID-19 cases declined, restrictions eased and on the back of fiscal, monetary, and regulatory measures. Economic activity showed signs of picking up, as reflected by some resumption in industrial production sectors and services. However...
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DETAILS
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2020/12/16
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Working Paper (Numbered Series)
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155137
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1
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1
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2021/06/17
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Disclosed
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Russia Economic Report : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine
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value-added tax
Citation
Sanghi,Apurva.
Russia Economic Report : Russia's Economy Loses Momentum Amidst COVID-19 Resurgence; Awaits Relief from Vaccine (Russian). Russia Economic Report|no. 44 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/159001608144788334