Covid-19-driven recession may see Russian economy contract by 4.5% & a million plunged into poverty, says finance guru Kudrin ...News

The economic consequences of Covid-19 are becoming clearer, and they aren't good. The number of Russians in poverty is projected to grow by about a million by the end of 2020, with the overall economy due to fall as much as 4.5%. That's according to the Chairman of the Accounts Chamber and former Finance Minister Alexey Kudrin, who revealed on Saturday the current projections for the state of the country's finances. “Poverty will increase by about a million people,” he told the All-Russian Civil Forum on Saturday. “Unfortunately, we won't bounce back as much in the coming years. This means that we need to focus on those people who need

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