IMF lowers forecast for Russia’s economic growth
The International Monetary Fund has lowered its forecast for Russia’s economic growth to 0.9% in both 2026 and 2027. The updated forecast, released on October 13, is down from its July projection of 1.1% for each year.
The International Monetary Fund has reduced its forecast for Russia's economic growth to 0.9% for both 2026 and 2027, down from the July projection of 1.1% for each year. The IMF attributes this change to high global energy prices, which support Russia's economy despite a decline in supplies due to Ukrainian strikes that damaged oil infrastructure.
However, the overall outlook remains weak for energy-intensive economies and those dependent on oil and gas imports. Russia benefits from "favorable factors associated with increased defense spending" that partially offset this weakness. The Russian Economic Development Ministry has also raised its growth forecast for 2026 from 0.4% to 0.6%, with expectations of accelerated growth in the following years.
Brief written by urgent.news from Meduza (English)'s own syndicated text. Machine-written — may contain errors; check the original before relying on it.
