Bloomberg: Russian economy shrank by a quarter in April

According to data for April, the contraction of the Russian economy amounted to about 25 percent. It is assumed that the fall in GDP in the Russian Federation for the second quarter of this year will be 16 percent.

This opinion is expressed by analysts at the Bloomberg news agency, citing data from the Ministry of Finance of the Russian Federation.

Over the past month, a decrease in production by about a quarter. The reason for this was the introduction of restrictions by the government due to the coronavirus pandemic. In turn, this caused a significant drop in the income of the country's population.

Bloomberg analyst Scott Johnson expects a more significant drop in Russia's economy over the second quarter than during the global financial crisis. Indirectly, serious economic problems in the country are indicated by the report of the government of the Russian Federation on expenses and incomes.

In these conditions, one does not have to rely on the economic recovery that the leadership of the Russian Federation expected this year.

Of course, this happens not only in Russia, but throughout the world. The coronavirus crisis has affected most other countries. For our country, it turned out to be very sensitive, since problems due to the pandemic began against the backdrop of declining oil prices, the proceeds of the sale of which occupy a significant share in the revenue side of the country's budget.

Comments

[iouris]

And if so: "The contraction of the Russian economy was 2% of the contraction of the US economy"?

[tanki tanks]

It turns out the reduction of the US economy more than the reduction of the economy of the Russian Federation.

[SRC P-15]

The coronavirus crisis has affected most other countries.

The crisis associated with coronavirus may have affected other countries, but I am afraid that we have been hit hard.

[DymOk_v_dYmke]

Quote: СРЦ П-15

The crisis associated with coronavirus may have affected other countries, but I am afraid that we have been hit hard.

He touched everyone.
Differently.
The Belarusian economy has grown a little.

[Ilya-spb]

What about the Americans themselves?

Logs in the eye do not see!

The economists forecast that the US GDP may fall by 20-25% by the end of the year!

[Prisoner]

Sorry, but who do you have this with?

[Sky strike fighter]

Quote: tanki-tanki

It turns out the reduction of the US economy more than the reduction of the economy of the Russian Federation.

Do you want to know how in the USA? Please.

MOSCOW, April 14 - RIA Novosti, Natalya Dembinskaya. The largest banks have updated forecasts and are waiting for a catastrophic collapse of the US economy - by 40%. It is estimated that in April, due to the closure of enterprises and quarantine, the country will lose about 25 million jobs. This has not happened in history yet. What all this will turn out to be in RIA Novosti material.
Worse than expected
Already in mid-March, Bank of America announced that the pandemic is facing unprecedented consequences. Throughout the second quarter, jobs will be lost for one million Americans a month, which will lead to a 12% drop in GDP. In another large bank, Morgan Stanley, they were more pessimistic: they talked about minus 30%.
Now it’s clear that things are even worse. According to a revised forecast by Morgan Stanley, published last week, the economy will collapse by 38%. Businesses are closing in all states, economists said.

In Swiss Credit Suisse expect a fall by a third.
“We should prepare for a record contraction in US gross domestic product this quarter as the coronavirus pandemic continues to disrupt the economy. GDP will decline by 33,5%. This means that the period from April 1 to June 30 will be the worst period on record since 1945 years ", - write the analysts of the bank.

https://ria.ru/20200414/1569979813.html

[u123uuu]

I agree, read and observe Investing. som. All world indices.

[Krasnodar]

The US economy is shrinking more than the Russian economy as a whole)).

[sniperino]

Quote: Krasnodar

The US economy is shrinking more than the Russian economy as a whole)).

The bubble will either deflate slowly or burst.

[Krasnodar]

That's right. This will inevitably follow the imminent collapse of the dollar.

[Civil]

Quote: iouris

And if so: "The contraction of the Russian economy was 2% of the contraction of the US economy"?

And you can, the Russian economy shrank by 28% compared to last year, but grew by

Present in several = 72%

to the level of 2000, not to mention 1913.

[Ravil_Asnafovich]

I don’t know, I don’t know in 1913 I did not live .

[Prisoner]

Beautifully stated. Even the mood has risen. A plus.

[Roman123567]

If our economy contracted by a quarter .. and this amounted to 2% of the contraction of the US economy .. Then the US economy contracted by 1250% ..

[maiman61]

And how many economies will be in 2% of the US economy?

[sabakina]

Quote: maiman61

And how many economies will be in 2% of the US economy?

Why is the wind blowing?

[Ros 56]

Well, why, the trees sway and create the wind, I knew this in a very early childhood.

[Stas157]

contraction of the Russian economy amounted to about 25 percent

I will not be surprised if the oligarchs are still in the black. They manage to grow rich in a declining economy.

[Ros 56]

Yeah, especially aviation, tourist and rail, and who is connected with them.

[halpat]

Quote: iouris

And if so: "The contraction of the Russian economy was 2% of the contraction of the US economy"?

Everything is simple. Michael Bloomberg (the owner of the agency) received a party task to charm Russia.
That is, due to its mental abilities, traditions of indiscriminate and unproven slander, and so on.
The dream to see the eokonomics of Russia "torn to shreds" has not gone away. Obama go still raving in his wet dreams, as he tore the Russians.

[orionvitt]

Quote: Halpat

"Torn to shreds"

"Analytics" Bloomberg ", that says it all, there is no need to continue further. In the USA, in a month there are almost 35 million unemployed, and the economic decline is in Russia. Never mind, we'll see when the "financial bubbles" begin to burst, then we'll see whose economy is more stable. And to extinguish with "cut green paper" a financial fire, in our time, it no longer works, it will flare up more.

[Malyuta]

Quote: orionvitt

In the United States, for the month there are almost 35 million unemployed, and the economic decline in Russia. laughing

I am very sorry , but according to your data America has long been completely gone
You will already erase it from your globe and stop constantly thumping the oak bark, otherwise the bugs and cockroaches will certainly eat you.

[orionvitt]

Quote: Malyuta

According to your data, America has long been completely gone

HA. And according to your information, some people are constantly falling and even have long been "torn to shreds." Decide already. America is still ahead, and not far away. We will see.

[mig29mks]

In the rear, the 5th column Howls, now external fronts come into play !!!

[sniperino]

Quote: mig29mks

now external fronts come into play !!!

"Now"! They did not come out of it in an amicable way, even in the best of times, only with kicks

[opus]

Quote: iouris

And if so: "The contraction of the Russian economy was 2% of the contraction of the US economy"?

and why a comparison with the United States, and not with Germany, Mexico, China, South Africa?
Article

Quote: author

Bloomberg: Russian economy decreased by a quarter in April

not a word about the USA.
PS. and in principle true.
$ in January / February about 62-63 rubles
$ in April about 77 rubles
it is 23-25% (taking into account infusions of the Central Bank)

Quote: Sky Strike fighter

https://ria.ru/20200414/1569979813.html

Solovyov or Skaeva’s and not write that.
Threat. They have been burying Ukraine for 6 years. The dollar is also buried

Quote: Sky Strike fighter

Do you want to know how in the USA? Please.

yes "we want", but not so

According to official data published Wednesday (29.04.20/XNUMX/XNUMX), the world's largest economy fell year on year by 4,8%.

This was the first decline since 2014.ending in a record climb

In China, where restrictions were introduced for most of the quarter, the economy contracted by 6,8%, the first quarterly decline since accounting began in 1992.

And on Wednesday, Germany said its economy could contract a record 6,3% this year.
link

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https://www.bbc.com/news/business-52466864

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https://www.reuters.com/article/us-usa-economy/coronavirus-savages-u-s-economy-in-first-quarter-bigger-hit-still-to-come-idUSKCN22B0A1

link

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https://www.wsj.com/articles/first-quarter-gdp-us-growth-coronavirus-11588123665

WHERE FROM RIA sucked as much as 40%

fake balls

[Oleg Zorin]

Bravo! And the economic contraction of Burkina Faso is less than 0,001%

[Grandfather]

Bloomberg: Russian economy shrank by a quarter in April

we are tying shoelaces!

[rocket757]

No one will pass this cup .... let it be sucks, easier said!

[iouris]

Quote: rocket757

yes everyone will be sucks

Exactly: in some - liquid soup, in others - small pearls.

[rocket757]

These are "particulars" that should have been thought about much earlier ... now they are just the consequences of past mistakes.

[Tank jacket]

Nabiullina, Gref and Siluanov will again receive a medal from the IMF ...
When will these ghouls be planted?

[Break through]

To you in the neighboring country. This is where they pray at the IMF.

[kepmor]

they may be praying there, but we are especially gifted for him ... and the best minister of finance with the best head of the Central Bank ...

[tihonmarine]

Quote: Tank jacket

When will these ghouls be planted?

They’ll put them somewhere, but not in jail.

[knn54]

At the same time, the state budget is feeling fine. And money will most likely not return to the RUSSIAN economy.

[Thunderbolt]

Quote: Tank jacket

Nabiullina, Gref and Siluanov will again receive a medal from the IMF ...
When will these ghouls be planted?

There is no smell of landings. A year ago, the chief Kremlin official pinned the Order of Honor on Nabiullina's chest; So, while he fondles the members of his team with orders, then do not expect changes.

[Tank jacket]

The Liberal Team of Nabiullina and Gref and the other Gaidarovskys was formed back in 1991, long before his arrival. And there will be changes, because Trump wets the same team on the other side. Fed Trump has already bent.

[Thunderbolt]

Quote: Tank jacket

The Liberal Team of Nabiullina and Gref and the other Gaidarovskys was formed back in 1991, long before his arrival.

Tell me the name of the citizen who submitted Nabiullina's candidacy to the State Duma for appointment to the post of chairman of the Central Bank of the Russian Federation. Tell me the name of the citizen who put Gref in the position of federal minister. And you are also mistaken calling them "Gaidar". Sobchak was the scientific advisor of Gref.

[Tank jacket]

Tell me the media that would support Glazyev? Tell me the man who destroyed the ideology in the country? What is one illiberal school of economics in a country where people are taught not to pray at the IMF? And at the same time let us know why Putin needed the Munich speech and the Valdai speech in 2014, since you are all one size fits all?

[Thunderbolt]

Quote: Tank jacket

Tell me the media that would support Glazyev? Tell me the man who destroyed the ideology in the country? What is one illiberal school of economics in a country where people are taught not to pray at the IMF?

What ... scary to name the name of this citizen? Are you trying to answer a question with a question? We have a good dialogue, thank you!

[Tank jacket]

And all the best to you

[halpat]

Quote: Tank jacket

Nabiullina, Gref and Siluanov will again receive a medal from the IMF ...
When will these ghouls be planted?

Roman and Varenukha :)
Bulgakov possessed the gift of a seer :)

[Alf]

Quote: Tank jacket

Nabiullina, Gref and Siluanov will again receive a medal from the IMF ...
When will these ghouls be planted?

When they do something with their employer.

[Tank jacket]

Naive ... they got a job in 1991 ...

[Alf]

Quote: Tank jacket

Naive ... they got a job in 1991 ...

I’m not naive, I know it perfectly. Here are just some here who still believe that it is possible to adopt anti-capitalist laws, and when asked whether the EP will adopt these laws, silently minus.

[Tank jacket]

And let them minus, they have such a job Over the puddle of employers, Trump is cunning ... They will weaken and then commissars in dusty helmets will come

[Alf]

Quote: Tank jacket

And let them minus, they have such a job Over the puddle of employers, Trump is cunning ... They will weaken and then commissars in dusty helmets will come

An interesting point. For some reason, the EP logo hangs in the photo at the beginning of the article in the call center. Have they already taken the count of patients? Or are government bodies replacing themselves?

[Break through]

Well, the crisis in the world that they wanted. Was this Bloomberg not happy that few Russians died?

[Tank jacket]

Quote: Break through

To you in the neighboring country. This is where they pray at the IMF.

Our economic bloc, the government and the Central Bank, are also praying to the IMF. Nabiullina has already received a medal from the IMF for the failure of the ruble in 2014 as the "best" head of the Central Bank in the world ...

[Tank jacket]

Quote: kepmor

they may be praying there, but we are especially gifted for him ... and the best minister of finance with the best head of the Central Bank ...

Central Bank of Russia does not work well for the benefit of Russians

since June 2013, the ruble depreciated 2.3 times against the US dollar
the total loss of the Central Bank for 2013-2019 amounted to 584 billion rubles, or 83 billion per year
expenses for the maintenance of Central Bank employees for this period amounted to 762 billion rubles, or 109 billion per year
the outflow of capital abroad in 2013-2019 amounted to 379 billion US dollars or 59 billion per year
investment loans make up less than 7% of the assets of the Russian banking system and less than 10% of the sources of financing investments
for 6 years since 2014 - only 9 companies conducted an initial public offering of their shares on the Moscow Exchange for a total amount of 115 billion rubles
the total capitalization of the Russian market grew by negligible 0.6% per year, taking into account inflation
the management of the Central Bank seized more than 2 trillion rubles from the National Welfare Fund as a “payment” of a stake in Sberbank, another 2 trillion rubles. supposed to pay foreign investors as part of this dubious "deal"
in March 2020, the Central Bank gave banks on preferential terms nearly 3 trillion rubles, which allowed them to earn a record 190 billion rubles a month against a falling ruble
in April 2020, only 15 billion rubles were issued by banks as interest-free loans to support employment
The Central Bank allows usury on the part of microfinance organizations, which use a hopeless situation and take 365% per annum and more from them
there was actual nationalization and monopolization of the banking sector - 5 state-owned banks control two-thirds of the total net assets of the entire banking sector of the country and bear all risks
the number of credit institutions decreased by 53%, NPFs by 51%, and management companies by 33%
the number of insurance companies decreased by 58% to 178, which, in particular, led from 2013 to 2019 to an increase in the average cost of insurance for civil liability insurance by 71%
Compared to leading countries, the cost of money for the Russian economy has been overestimated by 2014% since 10 - after 2013, Russia's GDP grew by an average of only 0.9% per year, which is three times lower than the global average growth rate, and inflation was 6.9%, which led to to a decrease in real incomes of the population by 2.1% per year
according to estimates, the total damage from the monetary policy and the regulator’s activities in the financial sector, implemented since 2014, amounted to about 30 trillion rubles of underproduced products and more than 12 trillion rubles of unfulfilled investments.

[sniperino]

They would indicate at the beginning where this sheet came from, more people would read it.

[Tank jacket]

The process of disseminating information is a management process. I wanted to control ... I love to manage and order.

[sniperino]

Quote: Tank jacket

I wanted to drive

If the goal was to reduce the number of people who read, you can also change the font color to white: not everyone has a dark theme in the browser and not everyone will guess the text. ("Life hacks are free").

[Tank jacket]

"App, and the tigers sat down at my feet" ...
App, and fly into a burning hoop "(c)

[KVU-NSVD]

So have incomes fallen or the economy? And it is incomprehensibly obtained by logic - only in April it will fall by a quarter, and in the quarter it will be 16 percent. I don’t know, by logic, what the calculations were made, but in general the fall of the economy by a quarter is a disaster, but so far it is not felt. So I think this is another juggling of concepts and numbers in the spirit of Western media

[u123uuu]

OH ..., Bloomberg is a garbage dump, keep an eye on the MICEX index and you’ll know about it, although this is only a bid.

[Deniska999]

Bloomberg did not report anything false. The Ministry of Finance said about the same figures.

[Tank jacket]

Quote: tihonmarine

Quote: Tank jacket

When will these ghouls be planted?

They’ll put them somewhere, but not in jail.

It's right...
But I signed the petition on change.org
https://aurora.network/articles/183-sobytija/79605-neobkhodimy-otkrytye-debaty-glavy-tsb-rossii-nabiullinoy-s-akademikom-glaz-evym

[iouris]

Quote: Operator

It would be better if they wrote about themselves

And you yourself try to write about them in order to restore justice.

[Operator]

So I wrote about the catastrophe with unemployment in the United States.

[Oleg Zorin]

And what about us before unemployment in the USA?

[Operator]

More unemployment - less economy and budget, however.

[Shahno]

// According to April data, the contraction in the Russian economy was about 25 percent. It is assumed that the fall in GDP in Russia for the second quarter of this year will be 16 percent //
So the numbers do not give. It's unclear...
Ps At the end of the year, the macro indicators will tell everyone, but now this is "nonsense" ... as I think. The Israeli economy is expected to have -2 percent of GDP. This is with a stable growth of about +4 percent ... Let's hope for the best.

[iouris]

Quote: Shahno

Let's hope for the best.

"The best has already happened" (Armenian Radio).
It will be worse, as Yeltsin had promised. There is only one question: will there be only quantitative changes, or will the quantity turn into quality?

[faterdom]

Quote: Krasnodar

The US economy is shrinking more than the Russian economy as a whole)).

Yes, probably those 6 trillion dollars for which it was decided to print (even to those previously printed), and by themselves more.
But this is not an economy, it is a fraud that always has an end.

[Gennady Fomkin]

The reports of the US Treasury for April came out at night, I give a summary of the current state of the US budget and the GKO pyramid (at the beginning of May). We carefully monitor the short part of the pyramid (due for repayment in the coming months), since it is precisely from this part that its collapse will begin. The situation is just awful.

A bit of specifics to understand the scale. If before the financial crisis of 2008 the short-term part of the US GKO pyramid was equal to about 7-8 monthly budget revenues, now this part has grown to revenues in 23 months. If someone does not understand - just to pay off the already existing debt in the next year, an amount equal to the income for the previous two years will be required. And you also need to cover running costs. And still it is necessary to cover the new gigantic deficit that will arise during this period. Someone will say, this is a one-time surge. Ok, let's look at the normalization (averaging) for the previous 12 months. US budget revenues were $ 272 yards (-3.4% YoY), budget spending was $ 433 yards (+ 19% YoY), budget deficit was $ 161 yards (96% YoY growth - almost at times!). Trump never managed to show what "America great again" looks like in the real sector. But he was able to beat Obama's records in the labor field of building the GKO pyramids! Make america failed again! The further into the woods, the more nafih its Big Bada boom will be epic

[the Saint]

The Russian economy grew negatively by a quarter in April

[APASUS]

The Russian economy is “torn to shreds”!
Somewhere I already heard it ...........?