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Russian Economic Outlook Most Negative in 20 Years

Newsweek

Trust in Putin Falls To Lowest Level Since Ukraine War Began

Reuters

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Ukrainska Pravda

For first time in 20 years, majority of Russians say economy is worsening  poll

TASS

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Izvestia

Reshetnikov pointed to the cooling of the labor market in Russia

The Wall Street Journal

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A Gallup survey of 1,000 Russians conducted between March and May found that 60% said economic conditions in their area were worsening, the highest level recorded in 20 years and surpassing the previous high of 50% during the COVID pandemic in 2021.

A Gallup survey of 1,000 Russians conducted between March and May found that 60% said economic conditions in their area were worsening, the highest level recorded in 20 years and surpassing the previous high of 50% during the COVID pandemic in 2021.

The poll found 56% of Russians said their standard of living was deteriorating, the first time in two decades a majority expressed this view. Russia's government also lowered its 2026 growth forecast from 1.3% to 0.4%.

The poll found 56% of Russians said their standard of living was deteriorating, the first time in two decades a majority expressed this view. Russia's government also lowered its 2026 growth forecast from 1.3% to 0.4%.

Gallup recorded the largest single-year declines in Russian institutional confidence, with trust in the military falling 13 points to 66%, trust in the government dropping 14 points to 53%, and confidence in election honesty declining 16 points to 40%.

Gallup recorded the largest single-year declines in Russian institutional confidence, with trust in the military falling 13 points to 66%, trust in the government dropping 14 points to 53%, and confidence in election honesty declining 16 points to 40%.

A poll by state-affiliated Russian pollster NOM conducted June 21 showed 69% of respondents trusted Putin, down five percentage points from the previous week and the lowest level recorded since the start of Russia's full-scale invasion of Ukraine.

A poll by state-affiliated Russian pollster NOM conducted June 21 showed 69% of respondents trusted Putin, down five percentage points from the previous week and the lowest level recorded since the start of Russia's full-scale invasion of Ukraine.

Russia's Economic Development Minister Maxim Reshetnikov said June 30 that the labor market was "cooling down," with surpluses emerging in sectors such as investment goods production and mechanical engineering, including shifts to four-day working weeks.

Russia's Economic Development Minister Maxim Reshetnikov said June 30 that the labor market was "cooling down," with surpluses emerging in sectors such as investment goods production and mechanical engineering, including shifts to four-day working weeks.

VTB Bank's First Deputy CEO Dmitry Pyanov said June 30 that Russia's expected primary budget deficit would likely prompt the Central Bank to raise its 2027 average key rate forecast by two percentage points, from a range of 8-9% to 10-11%.

VTB Bank's First Deputy CEO Dmitry Pyanov said June 30 that Russia's expected primary budget deficit would likely prompt the Central Bank to raise its 2027 average key rate forecast by two percentage points, from a range of 8-9% to 10-11%.

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Metaculus #

Russia's economy is crumbling under the weight of Putin's war, with 60 percent of Russians now saying conditions are getting worse — a 20-year high. Fuel shortages, internet blackouts and inflation are hammering ordinary Russians while the Kremlin slashes its growth forecast to 0.4 percent. Putin's grip is slipping, and no amount of state-managed polling can hide that the war is bleeding Russia dry.

Russia's economy is crumbling under the weight of Putin's war, with 60 percent of Russians now saying conditions are getting worse — a 20-year high. Fuel shortages, internet blackouts and inflation are hammering ordinary Russians while the Kremlin slashes its growth forecast to 0.4 percent. Putin's grip is slipping, and no amount of state-managed polling can hide that the war is bleeding Russia dry.

Western sanctions and Ukraine's terrorist strikes on civilian infrastructure are the real source of Russia's economic headwinds, not any failure of governance. Russia is confidently repelling attempts to derail its progress, with investment tools expanding and long-term business relationships being built on trust. The fundamentals remain solid, and cherry-picking individual indicators misses the broader picture of a country adapting and holding firm.

Western sanctions and Ukraine's terrorist strikes on civilian infrastructure are the real source of Russia's economic headwinds, not any failure of governance. Russia is confidently repelling attempts to derail its progress, with investment tools expanding and long-term business relationships being built on trust. The fundamentals remain solid, and cherry-picking individual indicators misses the broader picture of a country adapting and holding firm.

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Russia's economy is crumbling under the weight of Putin's war, with a jaw-dropping, 20-year high of 60% of Russians now saying conditions are getting worse. Fuel shortages, internet blackouts and inflation are hammering ordinary Russians while the Kremlin slashes its growth forecast to 0.4%. Putin's grip is slipping, and no amount of state-managed polling can hide that the war is bleeding Russia dry.

Russia's economy is crumbling under the weight of Putin's war, with a jaw-dropping, 20-year high of 60% of Russians now saying conditions are getting worse. Fuel shortages, internet blackouts and inflation are hammering ordinary Russians while the Kremlin slashes its growth forecast to 0.4%. Putin's grip is slipping, and no amount of state-managed polling can hide that the war is bleeding Russia dry.

Western sanctions and Ukraine's terror strikes on civilian infrastructure are the real source of Russia's economic headwinds, not any failure of governance. Russia is confidently repelling attempts to derail its progress, with investment tools expanding and long-term business relationships being built on trust. Cherry-picking individual indicators misses the broader picture of a country adapting and holding firm.

Western sanctions and Ukraine's terror strikes on civilian infrastructure are the real source of Russia's economic headwinds, not any failure of governance. Russia is confidently repelling attempts to derail its progress, with investment tools expanding and long-term business relationships being built on trust. Cherry-picking individual indicators misses the broader picture of a country adapting and holding firm.

There's a 50% chance that Vladimir Putin will cease to hold the office of President of Russia by Dec. 19, 2029, according to the Metaculus prediction community.

There's a 50% chance that Vladimir Putin will cease to hold the office of President of Russia by Dec. 19, 2029, according to the Metaculus prediction community.

Russian Economic Pessimism Hits 20-Year High

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