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Russia’s 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says

By Thomson Reuters Feb 3, 2026 | 2:25 AM

MOSCOW, Feb 3 (Reuters) – Russia’s gross domestic ‍product (GDP) is expected to grow by 1 to ‌1.3% in ‌2026, Deputy Prime Minister Alexander Novak said on Tuesday.

For ​2025, growth was ‍estimated ​at 1% ​and the jobless ‍rate at 2.2%, Novak said in a speech ‍on the economy delivered to Russia’s ‍upper ‍house of ​parliament.

(Reporting ​by ⁠Darya Korsunakaya ‌and Olesya Astakhova; Writing by Lucy Papachristou; Editing by Mark ⁠Trevelyan)