The head of the Russian Ministry of Economic Development predicts a slight increase in the country's GDP in 2026.

After relatively strong performance in 2023 and 2024, when Russia's GDP grew by 4,07% and 4,92%, respectively, the Russian economy has been declining since last year. According to Rosstat's preliminary estimate, Russia's GDP will grow by one percent in 2025. This effectively indicates a slowdown, which could lead to stagnation.

The Russian government and the Central Bank periodically change their GDP growth forecasts for the current year after receiving updated macroeconomic indicators for the corresponding periods. While this isn't unusual, the discrepancies can sometimes be quite significant, especially across industries, indicating economic uncertainty.

Maxim Reshetnikov, Minister of Economic Development of the Russian Cabinet of Ministers, announced the latest updated forecast for a key macroeconomic indicator to journalists today on the sidelines of the Eastern Economic Forum. According to him, Russia's GDP growth by the end of 2026 will be approximately 0,6%. This is slightly higher than the Ministry of Economic Development's April forecast. The increase is practically within the margin of error—0,2%.

The minister noted that when assessing the state of the economy, it's important not only to accurately forecast the state of the economy, down to a few tenths of a percent, but also to understand the potential for further growth in 2027–2029. He believes that a cooling of the Russian economy is a natural stage in the cycle that follows a period of active growth. In mid-August, Reshetnikov predicted GDP growth in the second quarter of more than one percent year-on-year.

According to the Central Bank of the Russian Federation's baseline scenario, Russia's GDP growth in 2026 will range from zero to one percent due to a temporary reduction in the production capacity of certain industries.

Comments

[YOU]

Another forecast. But there's a plan and, most importantly, an understanding of what's needed to implement it. And according to the forecasts, we have a hydromedical center.

[Piramidon]

Apparently, there are no plans. The government and the Duma are proceeding by trial and error. Someone throws out an idea: "Let's try it this way." They try it – nothing good comes of it. "Let's do it differently." It's not the government and the Duma, but some gathering of amateurs, incapable of calculating the consequences one step ahead.

[Smoker]

Quote: Piramidon

Apparently there are no plans.

Their actions clearly show no plan whatsoever: flood the economy with cash (22-23), then cool the economy (25), and raise VAT (26). Everyone has been required to pay taxes since September. Instead of making life easier for businesses during tough economic times, these idiots are introducing things like this! Yes, it might not be that complicated, but it takes time. Freight transport employs a lot of people in their 60s, and after delivering cargo, they have to fiddle with their gadgets. Why the hell???

[Atheist]

Not the government and the Duma, but some kind of gathering of amateurs

When you write about the Duma, please clarify "The ruling party United Russia in the State Duma," since United Russia holds 325 of the 450 seats, and all bills submitted by the government to the State Duma are easily passed by United Russia, even if all other parties are against them. And not all of them are against them. For example, the LDPR and New People usually vote in solidarity with United Russia.

[man]

Quote: Piramidon

Not the government and the Duma, but some kind of gathering of amateurs, incapable of calculating the consequences one step ahead.

Well, why not? Once every 5 years they are able to propose completely reasonable things... by some strange coincidence, right before the elections... It's a pity that after the elections they, all(!), memory problems appear...

[gsev]

Quote: Piramidon

Apparently there are no plans.

The Central Bank is systematically extracting 15% of revenue from producers, and commercial banks another 15%. These funds are being spent on luxury. Bankers and financiers don't plan to increase production, but rather to plunder and stagnate it. Businesses are being forced to implement electronic document management. In other words, programmers are being lured away from the military-industrial complex to handle the silly reporting requirements of trade.

[aszzz888]

gsev
(Gusev Vladimir)
-1
Yesterday, 19: 39

Why is the Jewry so agitated?! Are you spouting your own nonsense again, you pale toadstool? Or are you just peddling whatever they bring you in the manual? So, "How much is opium for the people?"
PC regarding the article - we'll see.

[gsev]

Quote: aszzz888

Why is the Jewry so agitated?!

Are the swindlers bankers pretending to be Russian nationalists?

[Vadim S]

If they hold another mob, you will grow so much into the abyss that wow!

[Evgeniy Lyubchinov]

Does the country really need such a minister and such a ministry? With such forecasts... Perhaps it's time to "optimize" both the minister and the ministry. And many other structures, both at the federal and regional levels. Perhaps the funds for the projects and tasks the country needs will be found.

[private person]

Does the Country need such a minister and such a ministry?

They're all like that there, there's nowhere else to get them from. They choose not based on intelligence but on loyalty.

[Gomunkul]

In his opinion, the cooling of the Russian economy is a natural stage of the cycle that follows a period of active growth.

Newspeak in all its glory.
We are witnessing a classic overproduction or economic crisis:

An economic crisis under capitalism is not an accident, but a natural exacerbation of the system's internal contradictions. Its essence is often seen as a crisis of overproduction: more goods and services are produced than effective demand can absorb. Moreover, overproduction is relative—there are plenty of goods relative to people's money, not relative to society's actual needs.

[Uncle lee]

Quote: Gomunkul

In his opinion, the cooling of the Russian economy is a natural stage of the cycle that follows a period of active growth.

It has a name: Negative growth!

[Gomunkul]

It has a name: Negative growth!

Exactly, but appreciate how they stubbornly avoid calling a spade a spade, constantly inventing something new.

[Uncle lee]

Quote: Gomunkul

constantly coming up with something new

They succeeded in this, but not in their professionalism.

[Gomunkul]

but not in his professionalism

Perhaps we're misinterpreting their professionalism. If they're on the team, that means they're suitable for whoever's managing them.

[Uncle lee]

Quote: Gomunkul

that means they suit the one who leads them

He has stated this more than once...

[Derbenev Anton]

It has a name: Negative growth!

Prices aren't rising, they're "changing." Presenting his updated forecast to the president in May 2026, Reshetnikov described the current situation as a phase of structural fine-tuning and restructuring.
In 2026, Russia will see a record increase in housing and utilities tariffs in recent years, divided into two stages: a 1,7% increase in January due to growth, and an average increase of approximately another 15% expected on October 1 (depending on the region, the increase will range from 8% to 22%).

[Idle_piston]

[QuoteThe head of the Russian Ministry of Economic Development predicts a slight increase in the country's GDP in 2026.] [/ Quote]
You have noticed that the country's leadership has been "surrounding" us with forecasts and statements in recent months.

[tralflot1832]

The figures for grain exports for August have arrived. Russia 2025 August 5,9 million tons, 2026 August 1,7 million tons. Ukraine 2025 August 3,537, 2026 August 789 thousand tons. We are shipping something on the Black Sea, but with a discount, wheat is $212, in Europe $268. The purchase price in Russia has collapsed to 9,300 rubles per ton. That's why Lut was so sad at Putin's meeting.

[Derbenev Anton]

The state of the economy can be judged simply by looking at the photo.

Evening in the hut...

[oleg_627]

I'm fed up with their forecasts: after the elections, rent will skyrocket from 8 to 22 percent. Gasoline is being held back until the elections, then they'll jack up imported gas prices, even though they're already jacking up everything and wages aren't growing. Maybe their Duma will have a 4% GDP, but it's depressing for the country, especially for pensioners.

[ximkim]

They will start checking the limit.
Housing and communal services, fuel, major repairs (if there will be any, then what kind will it be) will raise prices shamelessly, since there is no way to refuse them.
You can put numbers on food products and import bad fruits and vegetables into the country.
Raise the recycling fee again and create a new recycling fee.
So much for GDP.
What is still alive will either be brought to wear and tear, and what is built will be tested to its limits for the future.

[Stas157]

In his opinion, the cooling of the Russian economy is a natural stage of the cycle, which follows a period of active growth.

The Minister of Economic Development hasn't abandoned hope for the country's development. He's not worried about the lack of GDP growth. He makes it clear that this is a normal and natural phenomenon for Russia. So, in his words, everything is fine!

[Sergey3]

Did the economy grow despite his personal efforts?

[Alexey G]

According to the head of the relevant department, Russia's GDP growth by the end of 2026 will be approximately 0,6%. This is slightly higher than the Ministry of Economic Development's April forecast. The increase is practically within the margin of statistical error—0,2%.

Russia has almost everything for growth, no, not almost, it has everything!
Anyone who can't provide her with a 10% increase should retire!!!
To fire the Minister of Economy for 0,2 percent! Shameful!
When will we be economically independent from the USA, traitors and idiots!??

[Jacques sekavar]

They complained about the high key interest rate, but the central bank lowered it, but to no avail because it remains several times higher than economic growth. When COVID-19 led to a recession in the US and EU economies, they lowered the key rate to practically zero, making loans practically free and improving the situation. If this measure works in the West and doesn't work in Russia, then the financial system needs to be changed, and to change it, legislation needs to be changed.

[Sergey Novikov_3]

Some kind of frightened expression, he probably understands that he said nonsense.