A deadline for the crisis in Russia was given by the expert.

Against the collapse of stock quotes, the oil prices and the rapid depreciation of the Russian national currency, many rating agencies are concerned about the possibility of a new economic crisis in Russia and in the world.  

All this happens in the context of the coronavirus pandemic, which leads to the self-isolation and quarantine of not only individual enterprises or cities, but also of the entire countries.

 In the context of a fall in the world stock indices, the investment market shareholders express reasonable concerns.  Pavel Gotsev, the CEO of “Solid” - an investment financial company, told the representatives of “Rusbankrot” that the current difficult situation in the financial market was due to a combination of three negative factors: the “overheated” stock market, the rapid spread of the coronavirus infection, and the consequences of a breakdown of a deal under the “OPEC +” agreement.  This explains the unprecedented volatility, prevailing in the financial markets.

The economic growth might slow down. As a result,  a number of countries will certainly face a recession.  The speed, at which they will be trying to get out of this situation, depends on the professionalism of the regulators in making managerial decisions and efforts,said Pavel Gotsev.

The current economic problems are certainly closely linked to the raging coronavirus.  The pandemic has already affected over 182 thousand people (this is only according to official figures) and continues to spread actively.

 The disease was detected in all countries of Europe, and among the most affected states - China, Italy, South Korea and Iran.  This is precisely the fundamental difference between the current pandemic and previous epidemics of coronavirus infections, where the number of infected was much less: 2494 cases of Middle Eastern respiratory syndrome from 2012 to March 2019;  8096 cases of SARS in 2003.  As a result, one can observe a situation, in which transport communications in many countries are discontinued, and the mass events are completely canceled.

Pavel Gotsev has emphasized that a drop of a quarter of the world financial indices and a collapse in oil prices led to the fact that the shares of many global companies lost half of their own capitalization.  But what consequences should the Russian economy expect in this situation?

 “Signs of recovery can be observed starting from the third quarter of 2020,” suggested the head of IFC Solid.

He noted that today, the actions are based on the basic scenarios.  It is possible that one of these scenarios will be the use of the resources, accumulated in the previous years.  Although the degree of preparation of the state is quite high, many experts agree that Russia should have fear not for the crisis, but for the further recession.