WASHINGTON, June 11 The World Bank has raised its growth forecast for the Russian economy in 2024 to 2.9%, and in 2025 — up to 1.4%, follows from the report of an international organization.
So, the bank expects an increase in GDP of Russia by 1. 6 and 0.5 percentage points, respectively, compared to estimates presented in January.
At the beginning of the year, the World Bank predicted growth of the Russian economy to 1.3% in 2024 and to 0.9% in 2025.
As noted in the document, the organization expects economic activity in Russia to increase throughout the year, but at the same time predicts a contraction in the mortgage lending market, which will limit private demand and affect GDP growth.
The report It also provides a forecast for 2026, according to which the growth of the Russian economy in real terms will be 1.1%. 
Vladimir Putin, speaking at the SPIEF plenary session, said that the growth rate of the Russian economy exceeds the world average, specifying that last year GDP growth was 3.6%, and in the first quarter of 2024 — 5.4%. The head of state noted that such dynamics are determined primarily by non-resource sectors.
Deputy head of the presidential administration Maxim Oreshkin, in turn, admitted that GDP growth this year could exceed three percent. At the same time, according to forecasts of the Ministry of Economic Development, this figure will increase by 2.8%. The Central Bank predicts it in the range of 2.5-3.5%.