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Projected poverty rate amid COVID-19 in Russia 2017-2022

The poverty rate in Russia was expected to steadily decrease over the coming years, however coronavirus pandemic might affect this trend depending on the intensity of the crisis caused by thereof. In case of severe shock figures are projected to reach levels equivalent to that of 2019 only in 2022. However, if the shock will be moderate, the indicator is estimated to keep dropping without significant distortions.

Poverty rate in Russia from 2017 to 2019 with a forecast till 2022

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Sources

Release date

July 2020

Region

Russia

Survey time period

2017 to 2019

Supplementary notes

* Forecast.
The source provided the following note: Projections for 2020 are done using RLMS-HSE-2018 actual data and RUSMOD-2020 model. Projections for 2021 and 2022 are based on the assumption of neutral income distribution, a poverty line fixed in real terms and private consumption growth rates. Moderate income shock corresponds to a reduction of GDP by 6 percent, severe income shock to a reduction of GDP by 9.6 percent. See Annex 1 for details

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Statistics on "Coronavirus (COVID-19) in Russia"

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