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budgets in 2020 and expectations for 2021
No. 2 Impact of the coronavirus pandemic on regional labour markets
4 February
2021 Housing market and its
budgets in 2020 and expectations for 2021
No. 2 Impact of the coronavirus pandemic on regional labour markets
4 February
2021 Housing market and its
Note: Operations >0 — purchases.
Source: Bank of Russia.
Pandemic 2020
Amid the coronavirus pandemic in 2020, the Bank of Russia took account of its previous
below the equilibrium level and the real exchange rate gap was negative.
Coronavirus pandemic (2020–2021). The downturn in 2020 Q2 in both Russia as
floating exchange rate;
4) Between April 2020 and June 2020: the world coronavirus lockdown;
5) The whole of 2022: a crisis triggered by sanctions pressure.
2021 Regional budgets in 2020 and expectations for 2021
Impact of the coronavirus pandemic on regional labour mar-
No. 2 kets
4 February
2021 Housing
the worsening situation as a result
of the spread of the new coronavirus infection.” For the brief description of the state support
programmes particularly introduced
2020, the slump in the global and Russian economies induced by the coronavirus pandemic entailed risks
of an inflation deviation downwards from the target over
of Russia, including
Special Facilities those introduced in the wake of the coronavirus infection. Due
General Provisions to changes in external economic conditions, the Bank
30
02.11.2023
demand in the economy and inflation.
The extensive changes induced by the coronavirus pandemic and the geopolitical instability of 2022–2023 inevitably affected all economic