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Eurasian Development Bank lowers Russia's GDP growth forecast to 1% for 2026

Eurasian Development Bank has updated its economic growth forecast for Russia, now expecting a 1% increase in 2026, reduced from 1.4%. Analysts anticipate a recovery phase for Russian economy beginning in late 2026, with growth expected to pick up to 1.8% by 2028.

BRIC Team
BRIC Team
Jun 25, 2026 · 1 min read · 11 views
Eurasian Development Bank lowers Russia's GDP growth forecast to 1% for 2026

Key Takeaways

  • The Eurasian Development Bank has lowered Russia's 2026 economic growth forecast to 1%, down from 1.4%.
  • Analysts predict a recovery phase for the Russian economy starting in late 2026, with growth hitting 1.8% by 2028.
  • The Bank of Russia's key interest rate is projected to reach 12% by the end of 2026.
  • Inflation in Russia is expected to slow to 5.3% by the end of this year, dropping further to 4.7% in 2027.
  • The average exchange rate is forecasted to weaken to 89 rubles per dollar by 2028, up from 76 rubles in 2026.

Eurasian Development Bank (EDB) has trimmed its forecast for Russia's economic growth. Now sees a 1% uptick in 2026,down from 1.4%. For 2027,growth should edge up to 1.5%,according to macroeconomic report obtained by TASS .

Analysts think Russia will start recovering late 2026. Growth might hit 1.8% by 2028. This as economy adjusts to ongoing pressures.

Bank of Russia likely to play it safe with monetary policy. Key interest rate could hit 12% by end of 2026 . May dip to about 10% by end of 2027 as central bank tries to tame inflation. Forecast says inflation to slow to 5.3% this year,then around 4.7% in 2027 and 2028.

Currency predictions put average exchange rate at 76 rubles per dollar in 2026. But expect weakening — 89 rubles per dollar by 2028 . What happens next…

#Business & Economy

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