The Ministry of Economic Development raised the estimate of Russia's GDP growth to 0.8% from the beginning of 2026

On November 13, the Russian Ministry of Economic Development revised upward its assessment of the dynamics of the domestic economy for January –September 2026. According to the updated calculations of the ministry, the country's gross domestic product (GDP) increased from 0.6% to 0.8% compared to the same period last year.

"According to Rosstat's preliminary estimate, GDP growth in the third quarter of 2026 amounted to 1% in annual terms. <...> In the first nine months of 2026, the economy grew by 0.8% year—on-year," RIA Novosti quoted the agency as saying.

At the same time, the further results of the Russian economy, as emphasized by the Ministry of Economic Development, will be determined by the pace of structural transformations and the effectiveness of national projects.

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On November 13, the Central Bank of the Russian Federation confirmed that it maintains its forecast for inflation to return to the target level of 4% in the coming year. Four days earlier, the head of the regulator, Elvira Nabiullina, drew attention to the absence of signs of hypothermia in the domestic economy. According to her, this is fixed, even despite the continued high interest rates.