EconPapers    
Economics at your fingertips  
 

Russian Foreign Trade in 2020

Nadezhda Volovik

Published Papers from Gaidar Institute for Economic Policy

Abstract: The pandemic has dealt a heavy blow to the world economy and global commodity markets. The COVID-19 containment measures have taken a toll on economic activity particularly in Q2 2020 when the majority of G20 countries demonstrated an unprecedented drop in real GDP. In relation to G20 as a whole, GDP decreased by a record 6.9% which markedly exceeded a decline by 1.6% recorded in Q1 2019 at the height of the financial crisis.2 China was the only G20 nation exhibiting in Q2 2020 economic growth by 11.5% which was due to the fact that China was the first to exit the crisis. All other G20 economies reported contraction of GDP by 11.8% on average in Q2 2020 when the pandemic fallout was more pronounced.

Keywords: Russian economy; foreign trade; terms of trade; regional pattern (search for similar items in EconPapers)
JEL-codes: F10 F13 F19 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2021, Revised 2021
New Economics Papers: this item is included in nep-cis, nep-int and nep-isf
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1123.pdf Revised Version, 2021 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2021-1123

Access Statistics for this paper

More papers in Published Papers from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Victor Hugues ().

 
Page updated 2022-11-28
Handle: RePEc:gai:ppaper:ppaper-2021-1123