Structural features of the economy and the dept of the economic crisis dring the COVID-19 pandemic

 
PIIS020736760013644-7-1
DOI10.31857/S020736760013644-7
Publication type Article
Status Published
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
Journal nameObshchestvo i ekonomika
EditionIssue 2
Pages102-118
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.

Keywordsstructural features of Russian economy, economic consequences of COVID-19, factors of the depth of economic decline during the pandemic, the effectiveness of anti-crisis policy
Received03.02.2021
Publication date18.02.2021
Number of characters38487
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 551

Readers community rating: votes 0

Система Orphus

Loading...
Up