Economists have predicted a new crisis due to a sharp increase in the number of infections with coronavirus. Amid the spread of the disease, the losses will be borne by both businesses and consumers, says Bloomberg.
According to the world health organization (who), on 21 June was a record by daily increase of cases COVID-19 in the world. The situation escalated across America, high risk Germany, Australia and other developed economies. Despite assurances from Beijing about the fact that a new outbreak of coronavirus is under control, in developing countries such as Brazil, India, Indonesia, the pandemic continues to gain momentum.
The increased concern on the part of the experts associated with the current situation, when restrictions are gradually removed. Indicators in transport and public supply has improved, however, the surge in the number of infections could undermine or reverse progress.
In addition, according to the economists of the financial Corporation Citigroup Inc., the increase in consumer confidence will underpin the economic recovery, if the situation on the labour market and in the enterprise sector will be better. However, the deterioration of the epidemiological situation have questioned these perspectives. Experts believe that before the creation of the vaccine does not make sense to talk about full recovery.
According to the Organization for economic cooperation and development (OECD) in the event of another pandemic, the Russian economy will decline by 10 percent in 2020, or eight percent, if the spread of the coronavirus likely to remain under control.