Business

The spread of coronavirus infection can radically alter the labor market — the number of office workers could be reduced by a third. Such effects predicted by the rector of the Higher school of economy Yaroslav Kuzminov, RBC.

May futures price for WTI crude oil fell by 8.52% and is around 19.98 dollar

According to the President of Ukraine Volodymyr Zelensky, a pandemic coronavirus, the country was in a difficult economic situation, there is a threat of default.

In the modern world everything has its economic price — even cancelled a show at the theatre or a failed football match at the stadium. Moreover, its economic price is the non-working week, which we have already started to worry. What is the price of power yet give no answer, confining himself to generalities about what our economy can handle it and the reserves will be enough for everything and everybody.

President Vladimir Putin instructed the government to prepare a law about credit vacation. Right they will be able to use physical entities and individual entrepreneurs (IE), whose revenues fell by 30% or more due to pandemic coronavirus. Experts doubt that such an initiative can help small businesses, but it is certainly a severe blow to the banks. Without financial compensation, to maintain the existing infrastructure would be impossible. In the case that the Central Bank will try to save the banks, by providing additional financing, we may face a surge in inflation.