Authors |
Occupation: Director of the FBK Strategic Analysis Institute Affiliation: FBK Strategic Analysis Institute
Address: Moscow, Russia
Occupation: Head of the Department of Management in Healthcare and Sports Industry Affiliation: State University of Management
Address: Russian Federation, Moscow
Occupation: Professor of the Department of Management in Healthcare and Sports Industry Affiliation: State University of Management
Address: Russian Federation, Moscow
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Abstract | The article is devoted to the study of the consequences of the impact of the COVID-19 pandemic on the economies of various countries. The reasons why national economies show unequal depth of economic recession during the pandemic period are considered. The estimates of total economic losses from COVID-19 in 2020 have been calculated for the following countries: USA, China, India, France, Germany, Brazil, Russia, UK, Japan, Italy, Spain, Canada, South Africa. The following are named among the main factors that have determined the economic dynamics of the period: epidemiological situation, readiness and efficiency of the health care system; structural features of the economy; effectiveness of anti-crisis policy. The conclusion is substantiated that the most important reason for the relatively shallow recession of the Russian economy in the acute period of the COVID-19 crisis is its structural features. However, these same structural features will also slow down the pace of economic recovery during the rehabilitation period. The structure of the Russian economy will also change as the recovery process develops, but this will take some time, during which the Russian economy will remain under certain “structural” pressure. |