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Russia's GDP may decline 5% in 2020 if quarantine measures extended

15 Apr 2020

• 15 Apr 10:05

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Some industries or specific regions will be in a very difficult situation, according to the head of the Accounts Chamber Russia's GDP will fall by about 5% by the end of 2020 if quarantine measures in connection with the spread of a new coronavirus infection are extended, head of the Accounts Chamber Alexey Kudrin said in an interview with RBC TV channel. "Today, we see that our country has been affected by quarantine, which has been going on for at least a month already. We don’t know yet, if we may have to extend this quarantine, [which means that] some industries or specific regions will still be in a very difficult situation. I think that. Read more...