Review of Financial Markets (August 15-30, 2020)

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2020. No. 14, pp. 3-13

11 Pages Posted: 7 Dec 2020

See all articles by Alexander E. Abramov

Alexander E. Abramov

Gaidar Institute for Economic Policy

Andrey Kosyrev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Maria Chernova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: September 10, 2020

Abstract

During the two weeks from August 15 to August 30, 2020, the global and national stock and bond markets generally remained stable, while the stock indexes continued their post-crisis recovery. The business media switched over their focus of attention to the discussion of the recovery rates being demonstrated by the world’s top economies, the changes in the US monetary policies (MP), and government debt growth. The prevailing point of view has been that the USA and the other developed economies have so far failed to display a V-shaped recovery trajectory. Although, in August, the price of oil and the RTS Index continued to gradually recover, the month-end rates for August 2020 of the ruble weakening and the Index’s decline relative to their year-beginning values placed these indices among the topmost losers in the group of economies included in our review.

Keywords: Russian Economy, Financial Markets

JEL Classification: G14, G15

Suggested Citation

Abramov, Alexander E. and Kosyrev, Andrey and Radygin, Alexander and Chernova, Maria, Review of Financial Markets (August 15-30, 2020) (September 10, 2020). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2020. No. 14, pp. 3-13, Available at SSRN: https://ssrn.com/abstract=3710913

Alexander E. Abramov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Andrey Kosyrev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Alexander Radygin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Maria Chernova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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