Core Viewpoint - The Russian government projects a GDP growth of 1.3% for 2026, with an overall growth of approximately 7% over the next three years [1] Economic Projections - The Russian Ministry of Economic Development has revised the inflation forecast for 2025 down to 6.8%, with expectations for it to decrease to 4% by the end of 2026 [1]

Group 1 - The University of Michigan's 12-month inflation expectation is at 5.0% [1] - The University of Michigan's 5-year inflation expectation is at 4.0% [1]