ALEXANDER KNOBEL TOOK PART IN THE WEBINAR “GLOBAL VALUE CHAINS, TRADE AND INVESTMENTS IN RUSSIA: WHAT HAPPENS AFTER THE PANDEMIC?”

In his presentation, Alexander Knobel paid particular attention to the following issues:   

1. Reduction of aggregate supply due to quarantine measures: suspension of business, disruption of the supply chain of intermediate and final goods between countries and national markets, reduction of labor mobility;
2. Decrease in aggregate demand: decrease in demand for services, durable goods, reduction in international trade;
3. Increased uncertainty due to the spread of coronavirus;
4. The fall in prices, first for goods, followed by other investment goods;
5. Capital outflow from risky assets (strengthening of the US dollar against other currencies).

Text of the presentation.