The economist commented on forecast of recession the economy on the background of the coronavirus
The expert mentioned two shock situation for the economy
Complexity of vacation credit: the banks refused to the victims of the coronavirus in the support
The state Duma adopted in the second reading the bill on credit holidays for individuals as well as small and medium-sized businesses, which suffered from a coronavirus. The new rule allows borrowers to contact the lender with the requirement to defer payments on the loans up to 6 months if their income dropped by 30% or more. According to estimates by the international rating Agency Moody's, due to new regulations, Russian banks will lose more than 150 billion rubles. Experts believe, the financial institution will refuse to customers in the credit holidays.
Social activists proposed measures of “housing support”: the mortgage reduced by half
Emergency measures to rescue the housing market in the period of the pandemic coronavirus suggested by experts of the Public chamber of the Russian Federation. The experts consider it necessary to give people subsidies for rent, and mortgage payments cut by more than half.
Saudi Arabia has put forward a new proposal for an oil deal within OPEC+
They plan to urge Russia to reduce oil production by 1.5 million barrels per day
Oil prices drop after rapid growth the day before
At the beginning of the trading session on Thursday morning on the world market of raw materials, a decrease in oil prices after growth the day before. In the course of trading on Wednesday, oil prices of North sea Brent crude increased to 28.8 per barrel.
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