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The most important transitions — ones that involve major changes of direction for the government — leave months of uncertainty over policy in the interim. Things that were already going wrong often spiral. Chaos loves a vacuum. Unfortunately, the Covid crisis and the transition of have the clear potential to spin out of control in the same way. It happened in The Great Depression had worsened, and the economy and the financial system teetered on the edge of ruin. Franklin D. Yet for months, while the country waited for the inauguration, Hoover remained in charge. The Economics Crisis The Economics Crisis

The coronavirus pandemic has triggered a systemic economic crisis, unprecedented since the Great Depression, Russian President Vladimir Putin said, addressing the G20 summit on Saturday.

The Economics Crisis

The coronavirus pandemic, a global lockdown and suspended economic activities triggered a The Economics Crisis economic crisis, the likes of which the world has not seen since the Great Depression," Putin pointed out. The Russian president also said that the economic growth of countries had been seriously affected Economlcs the pandemic.

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According to him, "it The Economics Crisis impossible to achieve this goal without a stable, effective and multilateral trading system based on universal rules and principles, and there is no alternative to the World Trade Organization at the moment. In particular, there is a Crisls to try to contain protectionism, abandon the practice of unilateral sanctions and restore supply chains," Putin stresses.

The Economics Crisis

Effective and safe vaccines should be available to everyone and Russia is ready to provide its coronavirus vaccines to the countries in need, Putin said. Work on a third vaccine is in its final stages," Criis added. He noted that "the scale of the pandemic makes it necessary to use all the existing resources The Economics Crisis practices.

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There is a need to take advantage of the crisis caused by the coronavirus pandemic to change the trajectory of global development, Vladimir Putin said. According to Putin, "the International Monetary Fund and the World Bank The Economics Crisis significant assistance to developing countries and it was at their initiative that the G20 decided to introduce a temporary debt moratorium in April. Russia Economixs spent 4. According to him, "by taking timely measures, Russia, as well as most other developed countries, managed to mitigate the economic decline, boost the healthcare system and escape permanent damage.

The Economics Crisis

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