World Bank Cuts Russia's Growth Outlook, Warns of Long-Term Stagnation

World Bank Cuts Russia's Growth Outlook, Warns of Long-Term Stagnation

Russia’s economy is heading toward stagnation rather than a “managed slowdown,” the World Bank said in its latest forecast, cutting its growth outlook and warning that output is unlikely to rise more than 1% per year through 2028. The lender now expects Russia’s GDP to grow 0.9% in 2025, down from 1.4% in its June forecast, 0.8% in 2026 and 1% in 2027. It also projects a 0.4% decline in investment this year and a further 0.2% fall next year befo…