Published on: 2026-10-01
Source: Government of the Russian Federation –
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Positive dynamics are noted in the industrial sector, primarily in processing. The engineering complex has grown by 6% since the beginning of the year, transport engineering by 18.6%, and pharmaceuticals by 11.5%. Consumer demand also remains one of the drivers of the economy at 4.5%.
Unemployment remains at a historically low level of 2.2%. Inflation from the beginning of the year to the end of September amounted to 6.26%.
As part of the budget forecast presented to the State Duma, developed by the Ministry of Economic Development and approved by the Government, GDP is expected to increase by 1.4% in 2027, gradually reaching 2.4% by 2029. During this period, economic growth of 6.4% is expected, taking into account various risks.
Work continues to reduce barriers and create conditions for more effective operation of small and medium-sized businesses. In 2026, 6.7 million SME enterprises were registered, which is 200 thousand more than last year.
“In accordance with the instructions of the President of Russia, the Government is engaged in implementing a plan of structural changes to the Russian economy. The task is to ensure our country’s adaptation to current conditions, to global and domestic trends. The main focus of the plan is work on increasing investments and launching a new investment cycle,” noted Alexander Novak.
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