Russia Forecasts 3-Year Investment Slump, Recovery by 2028
In the April version of the Ministry of Economic Development's forecast, it was expected that investment growth would resume in 2027—after a 2.3% decline in investments in 2025. The ministry projected a 1.5% decrease in investments for 2026, and anticipated a 2.0% increase for 2027.
Consensus
- Investments in Russia are expected to remain low for three years, from 2025 to 2027.
- The Ministry of Economic Development expects investment growth to resume starting in 2028.
- The current investment slowdown is described as the longest in over 10 years.
- Investment levels are still considered high overall.
- The government is under pressure to restart investment growth, with President Putin emphasizing it as a key economic goal.
- Minister Maxim Reshetnikov is the primary source of these forecasts.
Points of divergence
- Investments are expected to return to growth in 2028, with 2027 being overly optimistic. — tg_moscowtimes_ru
- The investment pause may last three years, from 2025 through 2027. — interfax
- The ministry expects a modest decline in investment volume in 2026. — kommersant
Coverage (3 sources)
- Government forecasts the longest investment decline in Russia in a decade — The Moscow Times
- Ministry of Economic Development expects resumption of growth in investments in fixed capital in the RF from 2028 — Интерфакс
- Reshetnikov forecasted a decrease in investment volume in 2026 — Коммерсантъ
Key entities
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