Russia's economy returns to growth, says Reshetnikov
Russian economy is gradually returning to growth, according to Minister of Economic Development Maxim Reshetnikov, citing coordinated efforts between the government and the Central Bank, stable inflation, and increased consumer spending. Preliminary data shows a 1.3% year-on-year GDP growth in Q2 2026.
Consensus
- The Russian economy is returning to growth.
- The coordinated work between the government and the Central Bank is helping minimize economic consequences.
- Inflation in Russia has stabilized.
- The Central Bank is gradually lowering the key interest rate.
- Consumer spending is contributing to GDP growth in Q2 2026.
- Preliminary data from Rosstat shows a 1.3% annual GDP growth in Q2 2026.
- The index of physical volume of GDP in Q2 2026 increased by 1.3% compared to Q2 2025.
- Vladimir Putin emphasized economic growth as the main task in the economy.
- Russia's government debt is 16.4% of GDP.
- Russia's government debt level is lower than that of major Eurozone countries.
Points of divergence
- Prime Minister Mikhail Mishustin stated that the Russian economy should return to sustainable balanced growth by 2027, with a new investment cycle to be launched. — kommersant
- Putin highlighted that the government debt of the Eurozone reached 81.7% of GDP last year, with Greece at 146%, Italy at 137%, France at 115%, and Belgium at 108%. — m24
Coverage (2 sources)
- Reshetnikov stated on the return of the Russian economy to growth — Коммерсантъ
- Reshetnikov stated that the Russian economy is returning to growth — Москва 24
Key entities
- Reshetnikov
- Russia
- Central Bank
- Bank of Russia
- TASS
- IT 'News'
- Mikhail Mishustin
- Vesti
- Ministry of Economic Development
- Russian Economy
- Alena Bzhakova
More on Reshetnikov
- Russia Aims for Budget Balance by 2028–2028
- Russia Forecasts 3-Year Investment Slump, Recovery by 2028
- Moscow, 2nd of September, Vesti. Demand for labor in Russia remains…