Russian Central Bank Chief: Economy Passed Lowest Point, 1% GDP Growth Expected

Bank of Russia Governor Elvira Nabiullina told the State Duma that the Russian economy overcame its lowest point in Q1 2026 and moved to an upward trajectory in H2, projecting GDP growth of about 1% for the year despite capacity losses from attacks. The statement signals a cautiously optimistic official view, but the 1% forecast remains modest and contingent on the absence of further disruptions.

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