The year 2020 proved to be exceedingly tough for all countries in the Eurasian Economic Union (EAEU). The coronavirus epidemic temporarily shut down the global economy, bringing GDP declines for all EAEU states. The economic slump ranged from minimal (0.9% in Belarus) to as much as 7.5% in Armenia and 8.6% in Kyrgyzstan. Overall, the official figures given by the Eurasian Economic Commission indicate a 3.9% decline of combined GDP for the EAEU.
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