The Ministry of Economic Development estimated Russia's GDP growth for the seven months of 2026 at 0.6%

Over the seven months of 2026, Russian GDP grew by 0.6 percent compared to January-July last year. Such statistics, as the Telegram channel of the Russian government writes, were presented by the Ministry of Economic Development at a meeting chaired by Deputy Prime Minister Alexander Novak.

As for inflation, as of September 14 it amounted to 6.2 percent. However, consumer demand remained strong. The total turnover of retail trade, public catering and paid services over seven months increased by 4.8 percent.

Real wages increased by 6.5 percent in the first half of the year, and unemployment remained at a historically low level of 2.3 percent.

Earlier, the Bank of Russia stated that GDP growth in the third quarter generally corresponds to the regulator’s forecast, which assumes that the increase in the national economy at the end of the year will be in the range from zero to one percent.