russian-economy-to-slow-down-even-further-by-2028-gdp-will-not-exceed-1percent-ukrainian-intelligence

Russian economy to slow down even further by 2028, GDP will not exceed 1% - Ukrainian intelligence

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The Foreign Intelligence Service of Ukraine reports: Russia's economy will face a prolonged slowdown, despite the Kremlin's statements about a "soft landing." According to the World Bank's forecast, Russia's GDP growth rates will remain at 0.8-1% per year until 2028, which actually means a recession due to high inflation. This was reported by the Foreign Intelligence Service of Ukraine, writes UNN.

Details

Compared to the previous forecast, which predicted growth of 1.4–1.2% for 2025–2027, the figures were lowered to 0.9%, 0.8%, and 1% respectively. Experts note the absence of factors that could support the economy: no inflow of investments is expected, domestic demand and exports remain weak, and a labor shortage further hinders development.

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Tax increases further depress economic activity, reducing consumer demand and investment. The gap between sectors is widening: the defense industry is growing, while civilian sectors are shrinking. Production in non-military areas is falling, and enterprises that generate a third of the real sector's income are under financial stress.

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Even Russian businessmen admit the unmanageability of the slowdown. Alexander Shokhin, head of the Union of Industrialists and Entrepreneurs, noted that promises of a "soft landing" did not materialize: in July 2025, GDP grew by only 0.4% compared to last year. 

This cooling is not so soft and, most importantly, unmanageable 

– Shokhin emphasized.

Russian business activity sharply dropped to a minimum since October 202204.10.25, 23:35 • [views_6253]

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