Russia’s Macroeconomic Outlook for Q1 2026

In this episode, we provide an institutional-grade dive into Russia’s macroeconomic trajectory through 2026: dissecting growth drivers, inflation, monetary and fiscal trends, and the deep impact of sanctions and the ongoing war. David and Emily unpack how the war economy, tight labor markets, and global energy shifts intersect to define opportunities and risks in Russia’s future. We also explore key vulnerabilities and policy recommendations as Russia adapts to isolation and realigns globally.