Russia’s Economy Faces the Risk of a Muted Virus Recovery

Russia’s Covid-19 downturn is shaping up to be shallower than feared -- Bloomberg Economics now expects the economy to shrink by 5.4% in 2020, rather than the 6.3% blow predicted earlier -- but the recovery looks slow. The lockdown has left scars, and the continuing outbreak could keep a low ceiling on demand, even with most restrictions lifted.