OECD expects slowdown in Russia’s GDP growth next year
The Organization for Economic Cooperation and Development (OECD) revised its macroeconomic forecast for Russia for 2027, lowering its GDP growth estimate by 0.2 percentage points (pp) to 0.6% and raising its inflation forecast by 1.4 percentage points to 6%. The OECD forecast for price growth for next year is significantly higher than the official estimates of the Central Bank and the Ministry of Economic Development, which expect a return to the target of 4% in 2027. The OECD forecasts for the current year are preserved: the growth of the Russian economy is expected at 0.5%, inflation - 6.5%.
The Organization for Economic Cooperation and Development (OECD) revised its macroeconomic forecast for Russia for 2027, lowering its GDP growth estimate by 0.2 percentage points (pp) to 0.6% and raising its inflation forecast by 1.4 percentage points to 6%. The OECD forecast for price growth for next year is significantly higher than the official estimates of the Central Bank and the Ministry of Economic Development, which expect a return to the target of 4% in 2027. The OECD forecasts for the current year are preserved: the growth of the Russian economy is expected at 0.5%, inflation - 6.5%.
