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2021
BOX 1.
IMPACT OF THE CORONAVIRUS PANDEMIC ON
REGIONAL LABOUR MARKETS
Due to the outbreak of the coronavirus pandemic in 2020, countries introduced a
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12.02.2021
Second, both households and businesses were better prepared for the resurgence of coronavirus cases and adjusted faster. Credit activity did not decline, and consumer demand
213
12.02.2021
and business sentiment in the context of partially lifted restrictive measures and coronavirus vaccination coverage.
The Bank of Russia forecasts the recovery growth of the
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04.02.2021
steady upward trends, including as a result of a fast expansion of coronavirus vaccine production. The domestic tourist flow increased significantly during the New Year
further
Measures to support consumers and business amid the coronavirus outbreak deterioration of credit
Amid rising coronavirus infection rates in certain regions of the Russian
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03.02.2021
downturn in the retail lending market, caused by the onset of the coronavirus pandemic and the resulting restrictive measures, turned out to be temporary.
Loans
of a new strain
amid the worsening epidemic situation. Air
of the coronavirus. Quarantine restrictions
traffic resumed in 2020 Q4 only partially. Flights
4
According
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01.02.2021
the end of 2020 despite the worsening epidemic situation. The resurgence of coronavirus cases impacted economic trends less significantly at the end of 2020. This
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27.01.2021
observed in 2020 Q2, when restrictive measures were introduced due to the coronavirus pandemic.
The share of banknotes of high denomination increased the most. This
range of
countries reintroduced lockdowns. Investor sentiment improved amid inspiring news about
coronavirus vaccine rollouts and ambitious plans to vaccinate a significant number of people