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rose over the short-term horizon
Disinflationary risks are mostly associated with further coronavirus spread trends in Russia and abroad.
Short-term proinflationary risks are primarily caused
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not materialised. However, the situation remains uncertain.
New challenges have emerged. The coronavirus problem is affecting the economic situation in both individual countries and the
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include a faster reopening of borders and the potential emergence of new coronavirus strains.
If the situation develops not in line with our baseline scenario,
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that have affected the situation the most are largely associated with the coronavirus pandemic:
• the implementation of restrictions and the downturn in the global economy
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in spring. Both households and businesses adjusted faster to the resurgence of coronavirus cases. Consumer demand was not affected. External demand for Russian exports at
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not materialised. However, the situation remains uncertain.
New challenges have emerged. The coronavirus problem is affecting the economic situation in both individual countries and the
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taking into consideration the global political and socio-economic consequences of the new coronavirus pandemic.
BRICS is an informal association of five major emerging national economies:
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and efficiency of measures being implemented to mitigate the consequences of the coronavirus pandemic and to overcome structural constraints.
If the situation develops in line
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22.08.2025
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
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22.08.2025
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