LONDON, February 27. /TASS/. The European Bank for Reconstruction and Development (EBRD) kept its outlook on Russia’s GDP growth for 2025 unchanged at 1.5%, the bank said in a report.
"Real GDP growth is expected to slow to 1.5 per cent in 2025 and 2026, on tighter monetary policy and productive capacity utilization constraint," the report said.
On 2024, the estimate on GDP growth has been upgraded by 0.5 percentage points compared with the forecast published last September to 4.1%. "In 2024, real GDP increased by 4.1 per cent for the second year in a row, according to official statistics, driven by high military government expenditure, which now amounts to almost 6 per cent of GDP," according to the document.