Russia Cuts 2026 Growth Projection to 0.4% as Global Volatility Persists
Russia's Economy Ministry reduced its forecast for 2026 GDP growth to 0.4% from a prior estimate of 1.3%, and lowered the 2027 projection to 1.4% from 2.8%, the Kremlin said on Tuesday. Deputy Prime Minister Alexander Novak indicated growth could reach 2.4% in 2029. Kremlin spokesman Dmitry Peskov said President Vladimir Putin remains closely invol…