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Macro Economy•29 April 2026•

1 min read

Sberbank Cuts Russia's 2026 GDP Growth Forecast Following Weak Q1 Performance

Key Facts

1Sberbank cut its 2026 GDP growth forecast for Russia to a range of 0.5% to 1% from a previous 1% to 1.5%.

2The forecast revision follows a poor economic performance in the first quarter of the year.

Sberbank, Russia's largest lender, has officially downgraded its GDP growth forecast for the Russian economy for the year 2026. The bank now expects economic growth to fall within a range of 0.5% to 1%, a notable decrease from its previous projection of 1% to 1.5%. This downward revision follows a period of disappointing economic performance recorded during the first quarter of the year. The adjustment reflects growing concerns over slowing economic momentum and persistent structural challenges facing the nation. Analysts are closely monitoring these updates from major financial institutions to gauge the medium-term resilience of the Russian economy. This forecast cut serves as a cautious signal to investors regarding the future trajectory of Russia's economic recovery.