Russia Forecasts 1.4% GDP Growth in 2027, Accelerating to 2.4% by 2029

The Russian government's baseline macro forecast projects GDP growth of 1.4% in 2027, gradually rising to 2.4% by 2029, as stated by PM Mishustin during a meeting on the 2026-2029 forecast. This is a modest growth outlook, reflecting persistent structural constraints and sanctions pressure. The forecast underpins budget planning, signaling a cautious but stable economic trajectory.