Russia’s GDP in the second quarter will fall 16% – Bloomberg

The fall of Russia’s GDP in the second quarter of 2020 will be 16%, which would be the worst quarterly figure since the early 1990s. This forecast was made by analysts of the Agency Bloomberg.

Because of the pandemic coronavirus was limited economic activity and economic impact of the quarantine will continue until the end of may, the decline of Russia’s GDP will be considerably deeper than during the last global financial crisis, the expert believes Scott Johnson.

From the report of the Ministry of Finance follows that in April the volume of GDP fell by 28%. For example, position “vehicles for sale” numbers drop for the month was 72%, says Bloomberg.

The government predicted economic growth in 2020, reminded the Agency. In the first quarter GDP growth amounted to 1.6%.

Flash coronavirus infection COVID-19 began in late 2019 in the Chinese city of Wuhan. March 11, the world health organization declared the spread of the coronavirus pandemic. As of may 19 coronavirus infection was contracted to 4.87 million people, including almost 321,6 thousand died, according to the American Johns Hopkins University.

In Russia, the coronavirus has infected almost 230 thousand people, more than 2.8 thousand of them died.

Introduced because of the coronavirus restrictions provoked the fall of the world economy. According to IMF estimates, this is the biggest crisis since the great depression.

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