We've increased our 2025 GDP growth forecast for Russia by 0.6ppts to 2.6%, but the upgrade owes much to carryover from the higher-than-expected growth in Q4 2024. The 2024 GDP growth number has been revised up to 4.3% from 4.1%, but February monthly data were already on the weaker side, suggesting a loss of momentum. We've lowered our 2026 forecast by 0.8ppts to -1.1% as the double whammy of lower export demand from China, Russia's largest trade partner, and lower global commodity prices will deepen the recession we'd previously expected.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook