The study of the Expert RA rating agency notes the positive effect of the anti-crisis measures introduced by the federal government, and also estimates the total regional budget deficit for the current year.

The research, prepared by the Expert RA credit rating agency, analyzes how various Russian regions have managed to overcome the crisis caused by the 2021 coronavirus pandemic and provides forecasts for the future development of regional economies.

A year before the COVID-19 outbreak, we argued in Winning the ’20s that the basis of competitive advantage was shifting. The combination of technology-fueled change, the rise of new learning technologies, and declining long-term growth rates, which require accelerated innovation, called for companies to compete on their rate of learning.