According to the new forecast of the European Commission (EC), the Russian economy will grow by 1.7% in 2025. and by 1.2% - in 2026.
ΠThe previous forecast of the EC predicted an increase in the gross domestic product (GDP) of Russia by 1.8% and 1.6%, respectively, i.e. in the new forecast there is a decrease, especially for the next year.
According to the estimates of the EC, for 2024 Russia's economy grew by 4.3%.
"After two years of unexpectedly strong growth, the Russian economy is likely to cool down significantly in 2025 and 2026," the EC report said. "While the ECB is calling for topical standard monthly interest rates, inflation in Pythia has been rising in recent months, but is expected to slow down.
Πo-the further increase in military spending, coupled with declining gasoline and gas revenues and lower tax cuts in the forecast result receiving the economic package expected to increase the budget deficit in the foreseeable future", the EC said.
Inflation in Russia, according to the EC forecast, is expected to average 9.5% this year and 5.8% next year.
Russia's public debt, the EC forecast, is expected to rise from 20.3% of GDP in 2024, to 20.8% of GDP in 2025 and to 22.9% of GDP in 2026. - in 2026. We recall that according to the requirements of the EC, the public debt of the EC countries should not exceed 60% of the GDP of the respective country.