BOFIT Forecast for Russia 2025–2027 / 2

The pace of Russian GDP growth decelerated much more rapidly in the first half of 2025 than anticipated in our March forecast. We now expect full-year growth to remain at or below 1 %. The needs of war, labour shortages and slower growth in public spending will restrain growth of the Russian economy throughout the forecast period.

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For further information:

Laura Solanko, Senior Adviser
tel. +358 9 183 2263, laura.solanko(at)bof.fi

Iikka Korhonen, Head of Research
tel. +358 9 183 2272, iikka.korhonen(at)bof.fi