Russia's GDP Decline in Q1 2026 Estimated at 0.2% by Rosstat
The Federal Statistics Service (Rosstat) has released a preliminary estimate indicating that Russia's Gross Domestic Product (GDP) declined by 0.2% year-on-year during the first quarter of 2026. This figure represents a less severe contraction than previously projected by the Bank of Russia, which had estimated a 0.5% decline for the same period. The central bank's earlier forecast was already an adjustment below its February predictions. Despite the quarterly contraction, Rosstat confirmed its previous assessment that the Russian economy achieved a 1% growth rate for the full year of 2025. Looking ahead, the Bank of Russia anticipates a recovery in the second quarter of 2026, projecting a GDP growth of 0.9%. This divergence between the statistical agency's initial findings and the central bank's earlier estimates highlights the ongoing volatility and differing analytical perspectives regarding the Russian economy's performance in early 2026. The data serves as a key indicator for assessing the immediate economic impact of recent government measures and broader geopolitical conditions affecting the region.
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