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The article analyzes the economic crisis of 2020 against the background of rapidly developing technologies of a new technological order. An overview of the economic problems and consequences of the pandemic in different countries, as well as the features of the crisis are outlined. Theoretical aspects of the cyclical nature of the economy and how it is related to the current situation are presented. The question of economic forecasting and the influence of the historical aspect is analyzed within the framework of economic theory. The situation in the Russian Federation, in which the pandemic is defined as a «challenge» for the Russian economy, is considered in detail, and a comparative analysis of the fight against the pandemic in Russia and in the West is carried out.
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