Mishustin called domestic demand the main factor of GDP growth for 2027
Russia’s GDP by the end of 2027 will grow by 1.4%, and in 2029 will accelerate to 2.4%, Prime Minister Mikhail Mishustin said at a government meeting on macroeconomic forecast. The main factor of growth, he said, will be domestic demand.
Russia’s GDP by the end of 2027 will grow by 1.4%, and in 2029 will accelerate to 2.4%, Prime Minister Mikhail Mishustin said at a government meeting on macroeconomic forecast. The main factor of growth, he said, will be domestic demand.
“The budget is based on the basic forecast of socio-economic development. It assumes that the main factor of GDP growth will be domestic demand, said Mikhail Mishustin. The government’s forecasts for GDP growth have not changed.
At the meeting, a draft forecast of the Ministry of Economy for socio-economic development for 2027-2029 was presented. The agency expects consumer demand to grow by 4.1%. It is projected that inflation by the end of the year will be 6.8%, and by the end of 2027 will fall to the target 4%.
