Global GDP decreased by 4.5%, EU GDP – by 7.4%, in the UK and Spain – by 12%, in France – by 8.3%, and in the United States – by 3.5%. According to the OECD, the global economy shrank by 3.5% in 2020, and Russia will be one of the countries to recover very quickly. Russia lost about 3%, which indicates how life has changed: it has become more challenging — Anna Popova, Head of the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing - Chief State Sanitary Physician of the Russian Federation.
We have witnessed a shift in consumption. People now go to restaurants less or do not go at all, and consume more products at home. The product range has also been changing, and we had to restructure processes, production lines, to reorient factories to other products in order to adapt to new realities — Sergey Mikhailov, General Director, Chairman of the Executive Board, Cherkizovo Group .
The fact that in Russia there was no second and third lockdown led to a much faster economic recovery than in most countries. Excluding some industries, such as air transportation, fitness, concerts and exhibitions, today we have already exceeded pre-pandemic turnovers. In small business, the official employment has even increased over this year — Alexander Kalinin, President, All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses Opora Russia.
In the West up to 70% of ballet companies will cease to exist; if no plans for 2021–2022 are announced, we will lose almost all companies that existed mostly on donations. <...> The whole world is standing still, especially New York. What is happening to the Metropolitan [Opera, Ed.] is a terrible tragedy. It is [impossible, Ed.] to imagine. Such things did not happen even during the war. All theatres worked under the Siege — Vladimir Kekhman, Artistic director, Mikhailovsky Theatre.