Putin: Russia's GDP Growth Exceeds Europe's
Moscow, 3 Sept. VESTI. Russia's economy is growing at moderate rates; for 2026, 0.6% is expected, which is sufficient for the country's economy to function properly, said Andrei Kostin, head of VTB and IS 'VESTI', at the sidelines of the Eastern Economic Forum (VEF).
Consensus
- Russia's GDP growth over the past three years was higher than the European average.
- Russia's economy is experiencing macroeconomic stability.
- The key interest rate set by the Central Bank of Russia is a deliberate decision to maintain macroeconomic stability.
- The banking sector in Russia is stable, with growing incomes for major banks including Sberbank, VEB, VTB, and Rosselkhozbank.
- The cycle of large-scale investment projects in Russia has been successfully completed.
- A new cycle of investment projects is needed.
- President Putin emphasized that injecting money into the economy without regard to inflation is dangerous.
- Real wages in Russia increased by 6.3% in the first quarter of the year.
- The deficit of the consolidated budget of Russia reached 160 billion rubles by the end of the first half of 2026.
Points of divergence
- Andrey Kostin, head of VTB, stated that a 0.6% growth rate in 2026 is sufficient for the Russian economy to function properly. — vesti
- Putin expressed confidence that the GDP growth rate might exceed 0.6% in the current year. — m24
Coverage (7 sources)
- Kostin: 0.6% pace is sufficient for Russian economy to function properly — Вести
- Putin on economic policy in Russia: — ТАСС (Telegram)
- Growth of the Russian economy continues and may exceed current rates by 0.6%, Putin stated. — ТАСС (Telegram)
- Putin did not rule out growth of Russia's GDP above forecast 0.6% — Вести
- Main points from Putin's statements on the Russian economy: — ТАСС (Telegram)
- Inflation in the Russian Federation is 6.3% year-on-year, goal is achieved, Putin noted. — ТАСС (Telegram)
- Putin: growth of the Russian Federation's GDP over the last 3 years was above the European average — Москва 24
Key entities
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