Teller Report

The Ministry of Economic Development expects stable Russian GDP growth of 2% in 2024–2026

1/19/2024, 5:45:47 PM

Highlights: The Russian economy in the period from 2024 to 2026 will move to stable growth of 2% annually. Deputy Head of the Ministry of Economic Development Dmitry Volvach shared forecasts. He noted that negative or rather modest forecasts for the recovery of the Russian economy were initially incorrect. Earlier, Assistant to the President of Russia Maxim Oreshkin said that Russian GDP growth in 2023 was provided by industries not related to oil and gas. Japanese economy is now ahead of Russia in terms of indicators, and the gap with it is “not that big”

The Russian economy in the period from 2024 to 2026 will move to stable growth of 2% annually. These forecasts were shared by Deputy Head of the Ministry of Economic Development Dmitry Volvach.


He noted that negative or rather modest forecasts for the recovery of the Russian economy were initially incorrect.

And this, according to Volvach, became obvious.

“We assume that on the 2024–2026 track, our economy will move to stable growth of at least 2% annually,” he said in a conversation with RTVI.

Earlier, Assistant to the President of Russia Maxim Oreshkin said that Russian GDP growth in 2023 was provided by industries not related to oil and gas.

As Minister of Economic Development Maxim Reshetnikov said, the Japanese economy is now ahead of Russia in terms of indicators, and the gap with it is “not that big.”