Russia Cuts 2026 GDP Forecast to 0.4%

Russia's Economy Ministry lowered the 2026 GDP growth projection to 0.4%, down from the previously forecasted 1.3%.
The ministry also cut the 2027 growth estimate to 1.4% from 2.8%, signalling a weaker medium‑term outlook.
Deputy Prime Minister Alexander Novak projected 2029 growth of 2.4%, while Kremlin spokesman Dmitry Peskov affirmed macro‑economic stability despite global volatility.