The Economic Shock of the Health Crisis in 2020: Comparing the Scale of Governments Support

Jacques Sapir ()
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Jacques Sapir: EHESS-Paris, Foreign Member of the Russian Academy of Science, CEMI-IFAEE–Centre Robert de Sorbon

Studies on Russian Economic Development, 2021, vol. 32, issue 6, 579-592

Abstract: Abstract Consequences of the COVID-19 epidemic have come as a major shock to all developed and developing economies. This occurred in a relatively short period of time. Even the collapse of 2008–2010, what was described as “subprime crises”, seems to fade in comparison. This health crisis had seriously shaken the global economy and forced most governments to take measures to support economic activity that were considered exceptional at the time. These measures had moreover had significant consequences, either within emerging countries or within developed countries, and in particular in Europe. These consequences weighed on economic dynamics in the years that followed.

Date: 2021
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DOI: 10.1134/S1075700721060186

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