Russian economy to slow down even further by 2028, GDP will not exceed 1% - Ukrainian intelligence
Kyiv • UNN
The Foreign Intelligence Service of Ukraine reports that the Russian economy will face a prolonged slowdown, with GDP growth remaining at 0.8-1% until 2028. This effectively means a recession due to high inflation, despite the Kremlin's statements about a "soft landing."
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.
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