Declared due quarantine a month could cost the Russian GDP by 1.5−2 percent in annual terms. This is stated in the published on the website of the Central Bank report on monetary politics.
“According to the Bank of Russia, itself one full working month may deduct from the annual GDP from 1.5 to 2.0 percent (or from 4.5 to 6 percent of GDP of the quarter),” — said in the report. Analysts also noted that most of the restrictions imposed suffering in the service sector, and services and online trading on the contrary be in advantage.
in addition, the gradual lifting of quarantine measures and the effects of stopping the operation of enterprises significantly enhance the effect, add the authors of the report. At the same time efforts of the Russian government to combat the effects of forced isolation, will mitigate the effects on the population, business and the economy as a whole.
Earlier, the losses of the Russian economy on the background of the epidemic of the coronavirus estimated by experts of the European Commission. According to them, GDP will decrease by five percent in annual terms.
