Novak assessed the future growth of Russia's GDP

Russian Deputy Prime Minister Alexander Novak told how the country's GDP will grow in the coming years. He was quoted by Interfax.

According to him, according to the forecast approved by the government, in 2027 the growth of the Russian economy will be 1.4 percent. In 2029 it will reach 2.4 percent.

As the Deputy Prime Minister noted, after high growth rates in 2023-2024, economic dynamics have become more moderate. In August, GDP grew by 0.8 percent, over the eight months of 2026 - by 0.6 percent compared to the corresponding period last year.

Earlier, Russian President Vladimir Putin said that the main thing is not to overcool the economy. He recalled that in 2027 the budget deficit will be about two percent of GDP, and public debt is currently estimated at 17 percent of GDP.