MOSCOW, Mar 23 (PRIME) -- Russia’s gross domestic product (GDP) fall may amount to 1–1.5% to 10% in 2020 depending on the scenario of the spread of coronavirus, Bloomberg reported on Monday citing sources familiar with the Russian government’s discussion.
The forecasts show that the country’s GDP drop may stand at around 5–10%, similar to a 7.8% decline in 2009 on the back of the global financial crisis.
In April–June, GDP may dive 30% on the year, in line with the expected fall in most Western states’ economies.
If the government manages to seize the spread of coronavirus, Russia’s GDP decline may amount to 1–1.5% in 2020.
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