Challenges and risks in the process of Russia’s post-pandemic economic recovery
The COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some coun...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-12-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3154 |
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| author | O. M. Makhalina V. N. Makhalin |
| author_facet | O. M. Makhalina V. N. Makhalin |
| author_sort | O. M. Makhalina |
| collection | DOAJ |
| description | The COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some countries in the world. The objectives and activities of the “National Action Plan for Employment and Income Recovery, Economic Growth and Long-Term Structural Changes in the Economy” (hereinafter the “National Action Plan”) have been considered. This document sets out the country’s development over the next two years and measures to recover the economy from the COVID-19 pandemic. The Government of the Russian Federation is allocating 5 trillion roubles for the implementation of the “National Action Plan”. Meanwhile, the main objective is to ensure a sustainable economic development and income growth path within two years. The indicators of the main goal to be achieved by the end of 2021 are: sustainable growth of the personal income; reduction of unemployment to 5%; growth of the gross domestic product by 2.5% per annum. In conclusion, the challenges and risks in implementing the “National Action Plan” have been formulated. |
| format | Article |
| id | doaj-art-eaa0a37891a9428583f239da057e142d |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-eaa0a37891a9428583f239da057e142d2025-02-04T08:28:10ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-12-0101013313810.26425/1816-4277-2021-10-133-1382180Challenges and risks in the process of Russia’s post-pandemic economic recoveryO. M. Makhalina0V. N. Makhalin1State University of ManagementState University of ManagementThe COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some countries in the world. The objectives and activities of the “National Action Plan for Employment and Income Recovery, Economic Growth and Long-Term Structural Changes in the Economy” (hereinafter the “National Action Plan”) have been considered. This document sets out the country’s development over the next two years and measures to recover the economy from the COVID-19 pandemic. The Government of the Russian Federation is allocating 5 trillion roubles for the implementation of the “National Action Plan”. Meanwhile, the main objective is to ensure a sustainable economic development and income growth path within two years. The indicators of the main goal to be achieved by the end of 2021 are: sustainable growth of the personal income; reduction of unemployment to 5%; growth of the gross domestic product by 2.5% per annum. In conclusion, the challenges and risks in implementing the “National Action Plan” have been formulated.https://vestnik.guu.ru/jour/article/view/3154pandemiceconomic losses from the pandemiccrisis 2020key economic indicatorsunemploymentpovertyincomeconsumer demandnegative economic factorsquarantine restrictionseconomic development indicatorspost-pandemic economic development economic recoverynational action planchallengesrisks |
| spellingShingle | O. M. Makhalina V. N. Makhalin Challenges and risks in the process of Russia’s post-pandemic economic recovery Вестник университета pandemic economic losses from the pandemic crisis 2020 key economic indicators unemployment poverty income consumer demand negative economic factors quarantine restrictions economic development indicators post-pandemic economic development economic recovery national action plan challenges risks |
| title | Challenges and risks in the process of Russia’s post-pandemic economic recovery |
| title_full | Challenges and risks in the process of Russia’s post-pandemic economic recovery |
| title_fullStr | Challenges and risks in the process of Russia’s post-pandemic economic recovery |
| title_full_unstemmed | Challenges and risks in the process of Russia’s post-pandemic economic recovery |
| title_short | Challenges and risks in the process of Russia’s post-pandemic economic recovery |
| title_sort | challenges and risks in the process of russia s post pandemic economic recovery |
| topic | pandemic economic losses from the pandemic crisis 2020 key economic indicators unemployment poverty income consumer demand negative economic factors quarantine restrictions economic development indicators post-pandemic economic development economic recovery national action plan challenges risks |
| url | https://vestnik.guu.ru/jour/article/view/3154 |
| work_keys_str_mv | AT ommakhalina challengesandrisksintheprocessofrussiaspostpandemiceconomicrecovery AT vnmakhalin challengesandrisksintheprocessofrussiaspostpandemiceconomicrecovery |