The World Bank has published a report according to which the gross domestic product (GDP) growth of the aggressor country russia will be 0.9% in 2025. This is 0.5% less than in the June version of the forecast.
This is stated in a document published on the World Bank's website.
The organization predicts that in the next three years, the growth of the russian economy will not exceed 1%. In 2026, it will amount to 0.8% (in June, growth of 1.2% was forecast), and in 2027 - 1% (1.2% according to the June forecast).
"Growth is projected to decelerate to 0.9 percent in 2025, and remain at around 1 percent during 2026–2027, as demand pressures ease amid tight monetary policy aimed at bringing inflation to target and constrained fiscal spending due to declining government
revenues," the report says.
It is noted that the activity of the sectors of the russian economy not related to defense is constrained by a reduction in consumer lending, labor shortages and high borrowing costs.
The World Bank also predicts an even greater reduction in investment in the Russian economy. This year they will decrease by 0.4%, in 2026 - by 0.2%. The reasons for this are tighter regulation, high interest rates, and a general deterioration in economic forecasts.
As the Ukrainian News agency earlier reported, the day before, the russian Ministry of Finance published a report according to which the russian budget revenues from the sale of oil and gas in September dropped by almost 25%.
Recall that in September it became known that the russian government would increase the value added tax (VAT) rate from 20 to 22%.
Reuters later reported, citing sources, that the russian leadership decided to take this step to curb the budget deficit.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.