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Cooldown period to continue for some time — Russian Economy Minister

The Ministry of Economic Development revised the forecast of Russian GDP growth in 2025 from 2.5% to 1% and from 2.4% to 1.3% in 2026

MOSCOW, October 1. /TASS/. The cooldown period of the national economy will continue for some time, Russian Minister of Economic Development Maxim Reshetnikov said.

"It is clear that the situation is challenging now. Certainly, the cooldown period in the economy will continue for some time but it will end sooner or later," the minister said.

The Ministry of Economic Development revised the forecast of Russian GDP growth in 2025 from 2.5% to 1% and from 2.4% to 1.3% in 2026.