Kremlin claims stability despite 2026 growth forecast cut
The Kremlin maintains economic stability despite the government cutting its 2026 growth forecast to 0.4%. Officials expect steady growth to return by 2029.
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Russia cut its 2026 GDP growth forecast to 0.4% from 1.3% as the Kremlin claims government measures have secured macroeconomic stability. The Economy Ministry also lowered 2027 growth estimates to 1.4% from 2.8% following a 0.3% first-quarter contraction. Investors face a stagnant $3 trillion economy pressured by high interest rates, Western sanctions, and oil price volatility.
