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The Economic Shock of the Health Crisis in 2020: Comparing the Scale of Governments Support

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  • Jacques Sapir

    (EHESS-Paris, Foreign Member of the Russian Academy of Science, CEMI-IFAEE–Centre Robert de Sorbon)

Abstract

Consequences of the COVID-19 epidemic have come as a major shock to all developed and developing economies. This occurred in a relatively short period of time. Even the collapse of 2008–2010, what was described as “subprime crises”, seems to fade in comparison. This health crisis had seriously shaken the global economy and forced most governments to take measures to support economic activity that were considered exceptional at the time. These measures had moreover had significant consequences, either within emerging countries or within developed countries, and in particular in Europe. These consequences weighed on economic dynamics in the years that followed.

Suggested Citation

  • Jacques Sapir, 2021. "The Economic Shock of the Health Crisis in 2020: Comparing the Scale of Governments Support," Studies on Russian Economic Development, Springer, vol. 32(6), pages 579-592, November.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:6:d:10.1134_s1075700721060186
    DOI: 10.1134/S1075700721060186
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    References listed on IDEAS

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