Russia Economic Report, No. 43, July 2020

Abstract

The COVID-19 (Coronavirus) pandemic has triggered a deep global economic recession. The COVID-19 (Coronavirus) shock is the most adverse peacetime shock to the global economy in a century. The Russian Federation possesses a high-quality education system that is recognized internationally. Russia’s sustained growth in international standing is a result of continuous reforms and improvements and the building of a robust national assessment system. All these reforms to the education sector were supported by the attention and financial support of the government. However, the trends in education sector development appear worrying and call for the revision of policy priorities. This report focuses on the recession and growth of Russia under the shadow of pandemic with special focus on education as of July 2020.