Evgeniy Goryunov, Head of Monetary Policy Department at the Gaidar Institute, commented to Forbes on the updated forecast by the Ministry of Economic Development related to social-economic development of Russia until 2028. According to the expert, the spring Ministry forecast was excessively optimistic, while a new version is markedly more realistic.
"This spring, the Ministry predicted growth of 2.5% by the end of 2025 and 2.4% in 2026, even though all the signs of economic slowdown were already visible, and the rate evidenced 21% for several months," noted Evgeniy Goryunov. Now, the Ministry of Economic Development expects economy to grow by 1% in 2025 and 1.3% in 2026, which, according to the expert, looks more plausible.