The IMF suggested looking for a Russian letter to describe the crisis due to COVID

The trajectory of the development of the global economy after the crisis caused by the pandemic will be so non-linear that only the letters of the Russian alphabet can be used to describe it, said Antonio Spilimbergo, Deputy Director of the IMF Research Department. According to him, this is a unique recession, and it's not just about its scale.

Spilimbergo spoke about this at the International Exchange Forum, which takes place online on November 2-3 in Moscow. The broadcast was conducted on the forum's YouTube channel.

“It [the recession] is really weird. Remembering the Russian language, it is worth talking not about the letters of the Latin alphabet, but about some kind of W-shaped recovery curve, if you use Russian letters, ”he said.

Spilimbergo advised looking for a suitable form of the recovery curve "in the wilds of the Russian alphabet."