Sberbank Lowers 2026 GDP Growth Forecast Citing Weak First Quarter
Sberbank has reduced its projection for Russia’s 2026 gross domestic product growth to between 0.5% and 1% from a prior 1% to 1.5%, following a challenging first quarter marked by contractions in January and February. The lender pointed to tight monetary conditions and sectoral weakness in mining, manufacturing, retail and construction, and project…