Mayor says Moscow to shift to “normal” economy in late 2021
MOSCOW, Nov 11 (PRIME) -- Moscow’s economic situation will be more difficult in 2021 than in 2020, but it will reach “sizeable parameters” at the end of 2021, the city’s Mayor Sergei Sobyanin said at a forum on Wednesday.
“From my point of view, 2021 will be a difficult year, the beginning will be more difficult than 2020, but by the end of the year we will be able to reach sizeable parameters and a normal economy – the world, the country and the city,” he said.
Sobyanin is sure that the economy will begin to recover fast after the pandemic wanes.
“In separate industries we have a huge slide, from 10% to 60%. But in general, the economy is balancing. It creates a ground for fast recovery after the situation improves,” he said.
First Deputy Prime Minister Andrei Belousov said that the pandemic is to finish for the Russian economy in 2020 or in 2021.
End