Russian Economy in 2020. Trends and Outlooks (Issue 42)
Publication date
Monday, 31.05.2021
Authors
Abramov A.E., Avksent'ev N.A., Apevalova E.A., Arlashkin I.YU., Baeva M.A., Balandina G.V., Barbashova N.E., Barinova V.A., Belev S.G., Berberov A.B., Bozhechkova A.V., Borzyh K.A., Burdyak A.YA., Valamat-Zade A.R., Volovik N.P., Girich M.G., Grishina E.E., Dezhina I.G., Dergachyov A.A., Deryugin A.N., Zemcov S.P., Zubov S.A., Ignatov A.A., Izryadnova O.I., Kazenin K. I., Kaukin A.C., Klyachko T.L., Knobel' A.YU., Koval' A.A., Kuzyk M.G., Larionova M.V., Levashenko A.D., Leonov E.A., Lyashok V.YU., Magomedova O.S., Makarenceva A.O., Makarov A.V., Maleva T.M., Mau V.A., Malginov G.N., Maslov D.YU., Mkrtchyan N.V., Miller E.M ., Milogolov N.S., Nazarov V.S., Polezhaeva N.A., Ponomareva E.A., Ponomarev YU.YU., Popova I.M., Radchenko D.M., Radygin A.D., Saharov A.G., Simachev YU.V., Sisigina N.N., Sokolov I.A., Starodubrovskaya I.V., Sternik S.G., Ternovskij D.S., Tishchenko T.V., Trunin P.V., Uzun V.YA., Fedyunina A.A., Careva YU.V., Hasanova R.R., Cuhlo S.V., CHernova M.I., SHagajda N.I., Shadrin A.E.,Shelepov A.V.
Series
Russian Economy: Trends and Perspectives
The review “Russian Economy. Trends and Outlooks” has been published by the Gaidar Institute since 1991. This is the 42th issue. This publication provides a detailed analysis of main trends in Russian economy, global trends in social and economic development. The paper contains 6 big sections that highlight different aspects of Russia’s economic development, which allow to monitor all angles of ongoing events over a prolonged period: global economic and political challenges and national responses, economic growth and economic crisis; the monetary and budget spheres; financial markets and institutions; the real sector; social sphere; institutional changes. The paper employs a huge mass of statistical data that forms the basis of original computation and numerous charts confirming the conclusions.
Contents
Section 1. The Coronavirus Pandemic and Economic Policy Trends 9
1.1. The non-economic nature of the crisis and anti-crisis policy measures 9
1.2. Economic peculiarities of the 2020 shock and anti-crisis policy 13
1.3. Medium-term problems and challenges of economic policy 18
Section 2. Monetary and Fiscal Policy 33
2.1. Monetary policy 33 2.1.1. Monetary policy trends 33
2.2. Fiscal policy 56
2.3. Challenges of international business taxation in the context of digitalization 75
Section 3. Financial Markets and Financial Institutions 83
3.1. The Russian financial market 83
3.2. Municipal and sub-federal debt market 170
3.3. Banking sector 182
Section 4. Real Sector of the Economy 199
4.1. Dynamic and structure of GDP and investments 199
4.2. The industrial production dynamic in 2020 222
4.3. Russian industrial sector in 2020 (based on business survey findings) 233
Section 5. Social Sphere 391
5.1. Incomes and the poverty line of the population 391
5.2. Retail trade, services and consumer prices 395
5.3. Lending and preferential mortgage programs for families with children 400
Section 6. Institutional Changes 449
6.1. Public property management 449
6.2. Coronavirus crisis and company bankruptcies 484
6.3. Platform companies: features of the business model and corporate governance 500
Annex 587
References 611
Authors 659
UDC 338.1(470+571)»2020»
BBC 65.9(2Рос)
R95
Russian Economy in 2020. Trends and Outlooks. (Issue 42) – М.: Gaidar Institute Publishers, 2021. 668 pp.
Еditors – Alexei Kudrin, doctor of sciences (economics), Аlexander Radygin, doctor of sciences (economics), Sergey Sinelnikov-Murylev, doctor of sciences (economics).
ISBN 978-5-93255-616-0
Full version
/files/text/trends/2020eng/book_eng.pdf