Opening Asia for Russia

Moscow ranked second in the ranking of world megacities in terms of the effectiveness of the fight against the pandemic

28.05.2021 108 просмотров

The capital took second place among the 19 largest metropolitan areas in the world in the ranking of the effectiveness of city authorities during the coronavirus pandemic.

Moscow's high position in the rating was influenced, in particular, by such factors as the presence of a developed healthcare infrastructure in the capital, low unemployment, budget stability, low public debt, and business support.

Moscow ranked second after Singapore based on data on the state of healthcare systems, the stability of the economy and the social sphere during the pandemic, and the sustainability of the city's budget. The ranking compiled by HSE experts covers data from February 2020 to May of this year and includes a sample of 19 megacities with a population of 230 million people.

“Since the beginning of the pandemic, we have adopted five business support packages worth almost 90 billion rubles, which currently cover about 57.6 thousand organizations. The measures introduced have allowed Moscow to support the capital’s economy during the pandemic, as well as maintain investment and business activity: today, the city’s economy and consumer demand are gradually recovering. For example, the total turnover of trade and service enterprises for four months of this year amounted to 4.4 trillion rubles, which is almost 37% higher than last year's level of the same period. At the same time, the increase in trade turnover occurs against the background of reduced attendance of shopping centers: in April 2021, it was 24% lower than the level of April before the crisis in 2019, which indicates the transition of a significant part of consumption to online, for this, all the necessary conditions have been created in the city”, & nbsp ;- said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

The study notes that Moscow ranks first in terms of budget stability among all metropolitan areas assessed. Compared to other cities, the city had a low level of debt before the pandemic, which allowed the city to ramp up spending related to the fight against the coronavirus. In 2020-21 Moscow significantly increased spending on healthcare (+48% in real terms) and social policy (15% in real terms), while maintaining high social standards for city residents.

According to experts from the Higher School of Economics, Moscow's high position in the rating is the result of a balanced policy. The main factor was the rapid recovery of economic activity in the city, including through large-scale support measures from the city budget. An important role was played by the fact that the city was able to increase spending on health care and social support for citizens at the expense of accumulated balances.


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