New data suggests that the Russian economy is contracting, particularly its manufacturing and service sectors. Economic slowdown, though an expected consequence of the pandemic, has the potential to wreak long-term havoc on the economy if the government doesn't provide adequate stimulus measures.
A recent survey has shown that half of Russian doctors have experienced decreased incomes during the pandemic. 6% earned more but with a disproportionate increase in workload. Just 12% earned significantly more. This data comes after the Russian government released stimulus packages that included hazard pay for medical workers. However, many medical workers reported receiving less than expected or no hazard pay. This aligns with the trend of the Kremlin prioritizing economic support for large state-adjacent firms and offering little to no support for average citizens in the form of direct pay or small business.
