The past year has been the most difficult for the world economy since the end of World War II, as the world’s GDP fell by 3.5% in 2020, he said. Russian president at a meeting on strengthening investment activity, attributing this decline to epidemiological situation and the restrictive measures imposed everywhere.
Referring to how Russia has dealt with the pandemic situation, the Russian president said that for the first time in recent years Russia did not adopt a tough macroeconomic policy in times of crisis, but instead pursued a mild policy, despite “oil prices “All last year they were at very low levels, while at the height of the crisis they were even negative, something that was generally difficult to imagine before.”
The Russian president admitted that in these circumstances, the Russian government was acting in conditions of uncertainty, but “with a sense of full responsibility for the country, believing in its own strengths and based on the increased capabilities of recent years.” In his estimation, “all this brought the required result”.
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