The Central Bank announced the absence of signs of recession in the Russian economy

There are no signs of recession in the Russian economy, but there is a noticeable decrease in its growth rate. This was announced on June 24 by Andrey Gangan, Director of the Monetary Policy Department of the Central Bank of Russia, during a communication session in Novosibirsk with business representatives of the city and the region.

According to him, the Central Bank forecasts an inflation rate of approximately 4% in 2026 and the continuation of this value in the future. Gangan also clarified that the forecast for the key rate could reach 13-14% next year, but the Central Bank plans to revise the forecast as early as July, TASS writes.

In addition, the director of the department stressed that currently several sectors of the Russian economy continue to grow, despite the tight monetary policy. According to him, these industries include pharmaceuticals, partly the chemical industry, the production of medical equipment, as well as paints and varnishes and fertilizers.

"We have many industries where there is still growth, and in some industries at an accelerated pace," Gangan concluded.

Recession or "soft landing": the economy is struggling with recession

The Ministry of Energy predicts a recession in the economy, but experts with reservations insist only on a slowdown in growth.

On June 20, German Gref, President of Sberbank, said that the current ruble-dollar exchange rate hinders the development of the Russian economy. In addition, he stressed that the Central Bank's high rate "puts a lot of pressure on business profitability," and this poses a threat to economic growth not only this year, but also over the next 2-3 years.