Chronicles · Klaus Dormann
Klaus Dormann has chronicled the Russian economy for decades — from his years as an analyst at Ruhrgas and E.ON to today's sanctions economy. His weekly chronicles track industry, trade and finance with unmatched historical depth.
Russia
Russia's GDP remained virtually flat in the first few months of the year, while forecasts continue to be revised downward.
Russia
On May 12, the Russian government lowered its forecast for this year’s economic growth from 1.3 percent to 0.4 percent.
Russia
The Russian government expects economic growth in 2026 to be significantly weaker than the European Commission and the IMF do.
Russia
Russia has unexpectedly and significantly lowered its growth forecast for 2026 and now expects GDP growth of just 0.4 percent.
Russia
The Russian Central Bank has significantly revised its GDP forecast for the first quarter downward and now expects a decline.
Russia
Despite additional oil and gas revenues, Russia’s economy will remain close to stagnation in 2026, according to the new wiiw forecast.
Russia
The Russian Central Bank has cut its key interest rate to 14.5 percent, but remains cautious due to inflation risks.
Russia
Energy prices are pushing forecasts higher—but structural weaknesses are limiting the growth of the Russian economy.
Russia
Energy prices are rising, but according to new forecasts, Russia’s economy is growing only moderately. An overview from Germany and Finland.
Russia
Is Russia really benefiting from rising energy prices? New forecasts show that the impact on growth remains surprisingly weak.
Russia
On Friday, the Russian Central Bank cut its key interest rate again by 0.5 percentage points to 15.0 percent.
Russia
New forecasts show that higher energy prices have not yet been enough to significantly boost Russia's economy.
Russia
A weak start to the year for Russia: Industrial production, GDP, and consumer spending fell short of expectations in January 2026.
Russia
The outlook for Russia's economy continues to deteriorate. Consensus estimates for 2026 are now well below one percent.
Russia
Russia's economy saw a surprising uptick at the end of 2025. But analysts warn that the growth spurt is unlikely to continue into 2026.