World Bank downgrades forecast for growth in Russia's GDP to 0.9% in 2025 and to 0.8% in 2026

MOSCOW. Oct 7 (Interfax) - The World Bank forecasts growth in Russia's GDP to decelerate to 0.9% in 2025 and to 0.8% in 2026, the bank said in a report.

The bank's June forecast envisaged growth of 1.4% and 1.2%, respectively.

The bank has lowered its forecast to growth of 1% in 2027 from 1.2%.

The World Bank estimates that Russia's economy grew 4.3% in 2024.