Scribd Logo
Upload

Welcome to Scribd!

  • Russia

    Uploaded by

    Mary
    1 views1 page
    Global economic activity rebounded sharply in late 2020 following the initial pandemic-induced recession but growth has since moderated as renewed COVID outbreaks slowed momentum in early 2021. While my country believes we will recover from COVID-19's impact, the virus destabilized Russia's economy by reducing oil demand and prices during a time when Russia relies heavily on hydrocarbon exports. The government introduced policies to support small businesses and families during the pandemic but is now less focused on COVID-19 effects due to the ongoing war between Russia and Ukraine.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Global economic activity rebounded sharply in late 2020 following the initial pandemic-induced recession but growth has since moderated as renewed COVID outbreaks slowed momentum in early 2021. While my country believes we will recover from COVID-19's impact, the virus destabilized Russia's economy by reducing oil demand and prices during a time when Russia relies heavily on hydrocarbon exports. The government introduced policies to support small businesses and families during the pandemic but is now less focused on COVID-19 effects due to the ongoing war between Russia and Ukraine.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1 views1 page

    Russia

    Uploaded by

    Mary
    Global economic activity rebounded sharply in late 2020 following the initial pandemic-induced recession but growth has since moderated as renewed COVID outbreaks slowed momentum in early 2021. While my country believes we will recover from COVID-19's impact, the virus destabilized Russia's economy by reducing oil demand and prices during a time when Russia relies heavily on hydrocarbon exports. The government introduced policies to support small businesses and families during the pandemic but is now less focused on COVID-19 effects due to the ongoing war between Russia and Ukraine.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Will we recover from COVID-19 and its impact? My country thinks yes.

    Global activity is now


    moderating after a strong recovery from the pandemic-induced recession. Following a sharp
    rebound in the second half of 2020, the pace of global growth eased in the first half of 2021,
    held back by renewed COVID-19 outbreaks. Growth in trade has lost momentum amid easing of
    global economic activity and persistent supply bottlenecks. The virus also destabilized Russia’s
    economy by causing a dramatic drop in global hydrocarbon demand at a time when oil prices
    have already been plummeting. Government introduced measures, such as tax deferments for
    small- and medium-sized businesses and an increase in maternity capital for eligible families.
    As you know there is on going war between Russia and Ukraine so government is not focused
    on COVID-19 effect as much.

    You might also like