Recovery of the global economy after coronavirus will require new unconventional solutions – Putin

Recovery of the global economy after coronavirus will require new unconventional solutions – Putin

New unconventional solutions will be required to restore the global economy after coronavirus - Putin

The global economy after the coronavirus pandemic will have to be rebuilt for a long time; the scale of the socio-economic shock has yet to be assessed, said Russian President Vladimir Putin. “Experts have yet to fully assess the scale of the socio-economic shock associated with the epidemic, all its distant consequences. But it is already obvious that it will take a long, very long time to restore the global economy,” Putin said, speaking at the UN General Assembly.

He stressed that the previously tested anti-crisis measures will not always work, new non-standard solutions will be required. “We can only work out them together,” Putin said.

The coronavirus pandemic, the President of the Russian Federation noted, has become a new challenge for the world. “The disease has directly affected millions of people, claimed the most precious thing – hundreds of thousands of human lives,” he said.

The realities of today, he noted, are quarantine, closure of borders, numerous difficult problems for citizens of almost all states. “This is especially difficult for people of older generations, who, due to forced restrictions, sometimes for weeks, or even months, could not hug their loved ones, children, grandchildren,” the head of state said.

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