COVID-19 Impact on Developing and Poorer Economies

Authors

  • Natalya Yuryevna Rodygina Russian Foreign Trade Academy
  • Vladislav Igorevich Musikhin Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2020-10089

Keywords:

developing countries, COVID-19 pandemic, world economy

Abstract

The COVID-19 pandemic has spread at astonishing pace around the world affecting millions of people. The human costs are already high and continue to grow. The pandemic represents the biggest economic shock the world economy has experienced in decades, causing a collapse in global business activity. The authors argue that lockdown and other restrictions were one of the factors that slowed down the growth of low-income countries and triggered changes in the global macroeconomic environment. The article provides an analysis of the current statistical data and the key economic indicators of the group of countries under consideration.

Author Biographies

Natalya Yuryevna Rodygina, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy (6А Vorob’evskoe shosse, 119285, Moscow), Department of international trade and foreign trade of the RF – Professor

Vladislav Igorevich Musikhin, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (6А Vorob’evskoe shosse, 119285, Moscow) - undergraduate; Federal Antimonopoly Service of the Russian Federation (11 Sadovaya-Kudrinskaya St., 125993, Moscow) - Leading specialist-expert of the metallurgy and ore-mining complex department
of the Offi ce of Industry Control

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Published

2024-02-07

How to Cite

Rodygina, N. Y., & Musikhin, V. I. (2024). COVID-19 Impact on Developing and Poorer Economies. Russian Foreign Economic Journal, (9), 27–41. https://doi.org/10.24412.2072-8042-2020-10089

Issue

No. 9 (2020)

Section

World economy