EBRD downgrades outlook on Russia’s GDP growth for 2026 to 0.5%

AI Summary

The European Bank for Reconstruction and Development (EBRD) downgraded Russia's GDP growth forecast for 2026 to 0.5%, a decrease of 0.3 percentage points from the June forecast. This revision reflects ongoing economic challenges facing the Russian economy.

The 2026 forecast for Russia’s economic growth has been revised down by 0.3 percentage points relative to the previous forecast published in June