Pandemic hit everyone, but the recovery won't happen simultaneously. ❗In Q3, Russian GDP will have shrunk to levels last recorded in 2012. ❗Russian recovery will be slower than in most advanced countries, returning to pre-virus GDP levels as late as 2024 #Eastoffice #Russia https://t.co/u6uQYcF8hF

Share of food in Russian consumers' consumption back to pre-COVID figures. During the lockdown, it was almost 50%. Food index in #Russia in 2020 (share of food in consumption) Jan 35% Feb 34% Mar 36% Apr 46% May 42% Jun 36% #eastoffice https://t.co/6aoyIEQ0Kd

Could every fourth of Russian malls go down without tax reliefs this year? The answer is yes if you ask the owners. Pandemic, naturally, prevented people from visiting the malls. In the long run, the more lasting effect might be the "normalization" of online shopping #EastOffice https://t.co/6uEPtjvtzr